TELUS Completes $1.5 Billion Hybrid Offering

Paul, Weiss advised TELUS Corporation, one of Canada’s largest telecommunications companies, in its U.S. public offering of $800 million aggregate principal amount of 6.375% fixed-to-fixed-rate junior subordinated Series C notes due 2056, and $700 million aggregate principal amount of 6.625% fixed-to-fixed-rate junior subordinated Series D notes due 2056.

CIBC Capital Markets, BMO Capital Markets, TD Securities and Wells Fargo Securities acted as representatives of the underwriters for the offering.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Stephen Centa; and tax partner Matthew Jordan and counsel Samir Kurani.