Telus (TSE:T) has released an update.
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TELUS has launched a $700 million note offering with a 7-year maturity, featuring 4.65% Series CAQ notes maturing in 2031. The proceeds from this offering will be used primarily for the repayment of existing debts, such as commercial paper and securitization trust loans, and for other general corporate expenses. This financial move is expected to close around August 13, 2024.
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