Canadian operator Telus plans to issue a two-tranche bond to repay C$1bn (US$982m) of debt.
The proceeds will be used to repay its C$300m (US$295m) 5% series CB notes on maturity – the 3 June 2013 – and redeem its C$700m (US$688m) outstanding 4.95%…
Canadian operator Telus plans to issue a two-tranche bond to repay C$1bn (US$982m) of debt.
The proceeds will be used to repay its C$300m (US$295m) 5% series CB notes on maturity – the 3 June 2013 – and redeem its C$700m (US$688m) outstanding 4.95% series CF notes due May 2014.
In a preliminary prospectus filed with the SEC, the Vancouver-based telco added that proceeds could also be used to repay other outstanding commercial paper.
The new unsecured notes will be issued in two tranches but terms are yet to be disclosed.
It last hit the debt market in December when it issued 3.35% senior unsecured notes due 2023 to refinance outstanding commercial paper.
Telus offers quadruple play services and generated C$10.9bn (US$10.7bn) of annual revenue last year.
