TELUS announces early redemption price for 2014 Notes

May 10, 2013, 14:11 ET from TELUS Corporation

Notes to be redeemed on May 15, 2013

VANCOUVER, May 10, 2013 /CNW/ - TELUS announced today that it has determined the redemption price for its $700 million in 4.95 per cent, Series CF, notes due May 15, 2014 (CUSIP # 87971MAJ2). The early redemption notice for these notes was previously announced on April 1, 2013.

The redemption price, which is payable on May 15, 2013, is based on the yield for a Government of Canada bond with the equivalent maturity plus 71 basis points as defined in the Trust Indenture governing these notes. The note-holders will also receive the regularly scheduled semi-annual interest payment on May 15, 2013.

The following is the redemption price and amount per C$1,000 of principal amount for these Notes:

Redemption Price:                C$1,031.58
Accrued and unpaid interest:       C$24.75
Total Redemption Amount:     C$1,056.33

TELUS (TSX: T, NYSE: TU) is a leading national telecommunications company in Canada, with $11 billion of annual revenue and 13.2 million customer connections, including 7.7 million wireless subscribers, 3.4 million wireline network access lines, 1.4 million Internet subscribers and 712,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video.

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SOURCE TELUS Corporation