TELUS Corporation Announces Partial Redemption of 2.75% Notes Series CZ Due 2026
TELUS Corporation, a leading communications technology enterprise, has made headlines with its announcement regarding the partial redemption of its 2.75% Notes, Series CZ, which are scheduled to mature on July 8, 2026. As disclosed in their announcement, TELUS plans to redeem C$500 million of the outstanding notes on May 8, 2026, with C$800 million remaining principal currently outstanding. This strategic move signals TELUS's proactive approach in managing its financial commitments while continuing to deliver value to its stakeholders.
The decision for a partial redemption will be based on a pro rata selection method, ensuring a fair process for noteholders. The specific redemption price will adhere to the calculations stipulated within the applicable indenture agreements. Funding for this redemption will be sourced from the proceeds of TELUS's recent Fixed-to-Fixed Rate Junior Subordinated Notes offerings, which were successfully completed in December 2025.
TELUS has established itself as a global leader in the communications sector, operating across more than 45 countries and generating annual revenues that exceed $20 billion. With over 21 million customer connections, the company provides an extensive range of broadband services aimed at consumers, businesses, and public sectors. This diverse portfolio reflects TELUS's commitment to utilizing technology for positive social impact, emphasizing the importance of client service excellence and community investment.
In line with its mission to enhance the well-being of communities, TELUS Health operates initiatives that have touched the lives of more than 161 million individuals across 200 territories. By leveraging innovative technologies focused on preventive medicine and wellness, TELUS aims to enhance healthcare accessibility and outcomes.
Furthermore, TELUS Agriculture & Consumer Goods employs digital innovations and data analytics to bridge the gap between producers and consumers, optimizing supply chain efficiencies. With TELUS Digital, the focus shifts to creating transformative digital customer experiences, reflecting the company's forward-thinking mentality in a rapidly evolving market.
In keeping with its philosophy of 'give where we live,' TELUS is dedicated to supporting education, health, and community well-being. Their commitment is evident in diverse initiatives, including the TELUS Student Bursary, which aims to make post-secondary education accessible for all Canadian youth. To date, this program has already awarded over $6 million in bursaries to countless students.
In summary, TELUS Corporation's recent announcement regarding the partial redemption of its 2.75% Notes highlights its ongoing commitment to financial management and stakeholder value while reinforcing its role as a responsible corporate citizen. The company continues to make significant contributions to its communities, showcasing a blend of innovative technology deployment and unwavering social responsibility.
For those interested in staying updated on TELUS developments, further information can be found at telus.com and telusdigital.com or by following @TELUSNews on social media platforms.