DBRS Rates TELUS Corporation’s $500 Million Notes Issuance A (low), Stable Trend

DBRS has today assigned a rating of A (low) to TELUS Corporation’s (TELUS) $500 million issuance of 3.35% Series CJ notes (the Notes) maturing on March 25, 2023. The trend is Stable.

This debt issuance was initiated by TELUS on December 6, 2012, for settlement on December 11, 2012. The Notes were issued by way of prospectus supplement to its short form shelf prospectus dated October 3, 2011, and reference the trust indenture dated May 22, 2001.

DBRS expects TELUS to use the proceeds from this issue to repay outstanding commercial paper, which was initially issued for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating the Communications Industry, which can be found on our website under Methodologies.