TELUS (NYSE: TU) plans C$500M partial redemption of 2.75% notes
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
TELUS Corporation has announced a partial early redemption of its 2.75% Notes, Series CZ due July 8, 2026. On May 8, 2026, the company plans to redeem C$500 million aggregate principal amount of these notes, out of C$800 million currently outstanding.
The notes will be selected for redemption on a pro rata basis, and the redemption price will be calculated under the terms of the applicable indenture. TELUS will fund this partial redemption using proceeds from its Fixed-to-Fixed Rate Junior Subordinated Notes offerings completed in December 2025.
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FAQ
What did TELUS (TU) announce regarding its 2.75% Notes, Series CZ?
TELUS announced a partial early redemption of its 2.75% Notes, Series CZ due July 8, 2026. On May 8, 2026, it plans to redeem C$500 million of the notes, which currently have C$800 million aggregate principal outstanding.
How much of TELUS (TU) 2.75% Notes will be redeemed and when?
TELUS plans to redeem C$500 million aggregate principal of its 2.75% Notes, Series CZ on May 8, 2026. These notes are due July 8, 2026, and currently have C$800 million aggregate principal amount outstanding before the partial redemption.
How will TELUS (TU) fund the partial redemption of its Series CZ notes?
TELUS will fund the partial redemption using proceeds from its Fixed-to-Fixed Rate Junior Subordinated Notes offerings completed in December 2025. This redirects capital raised from those subordinated securities to retire part of the outstanding 2.75% Series CZ notes.
How will TELUS (TU) select which Series CZ notes are redeemed?
TELUS stated that the 2.75% Notes, Series CZ will be selected for redemption on a pro rata basis. The redemption price for the notes will be calculated in accordance with the applicable indenture governing the bond terms and conditions.
Does TELUS’ redemption notice constitute an offer to buy or sell securities?
No. TELUS explicitly states that the news release is for informational purposes only. It does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities in any jurisdiction.
What is TELUS (TU) overall business scale mentioned in this disclosure?
TELUS describes itself as a communications technology company operating in more than 45 countries, generating over $20 billion in annual revenue and serving more than 21 million customer connections through broadband and related services for consumers, businesses and the public sector.
