TELUS
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TELUS Adjusts Dividend Reinvestment Plan
TELUS Corporation has updated its Dividend Reinvestment Program (DRIP), a move signaling confidence in future cash flow and offering shareholders new strategic avenues. This adjustment to the program, which allows reinvesting dividends into additional company stock, comes as TELUS invests in 5G and fiber expansion. Enhanced DRIP terms, potentially including a better discount, could attract investors and bolster the company’s equity base. Shareholders are advised to review the updated terms.
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TELUS Announces Pricing of Junior Subordinated Notes in USD and CAD
.TELUS announced the pricing of $1.5 billion of U.S.‑dollar Fixed‑to‑Fixed Rate Junior Subordinated Notes (Series C $800 M at 6.375% and Series D $700 M at 6.625%, both maturing 9 June 2056 with five‑year Treasury‑linked resets) and $800 million of Canadian‑dollar notes (Series CAT $400 M at 5.375% and Series CAU $400 M at 5.875%, also maturing 9 June 2056 with similar resets). The offerings, led by CIBC, BMO, TD and Wells Fargo, are expected to close around 9 Dec 2025. Proceeds will fund a $500 M tender to repurchase legacy notes, retire $600 M of 3.75% notes, and support 5G, fiber, health‑tech and agritech investments, diversifying TELUS’s long‑term funding while mitigating interest‑rate risk.
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TELUS Prices Tender Offers for Eight Debt Series
TELUS Corporation has finalized pricing for its cash tender offers to repurchase outstanding notes. This strategic debt management move specifies terms for various series of senior notes maturing between 2030 and 2051. The company expects to settle these transactions on July 3, 2025. RBC Dominion Securities Inc. and others are managing the offers.
