TELUS Announces Redemption of 3.75% Notes, Series CV due March 10, 2026

Rhea-AI Summary

TELUS (TSX:TU) announced a full redemption of its outstanding C$600 million 3.75% Notes, Series CV due March 10, 2026. The company gave notice on Dec. 16, 2025 that the Notes will be redeemed in full on Jan. 16, 2026. The redemption price will be calculated in accordance with the applicable indenture. The announcement is informational and does not constitute an offer to buy or sell securities.

Positive

• Full redemption of C$600 million Series CV notes on Jan 16, 2026
• Removes the 3.75% Series CV maturity obligation due Mar 10, 2026

Negative

• Requires a C$600 million cash outflow to effect the redemption

News Market Reaction

-0.47%

1 alert

-0.47% News Effect

On the day this news was published, TU declined 0.47%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Redemption amount: C$600 million Coupon rate: 3.75% Original maturity date: March 10, 2026 +5 more

8 metrics

Redemption amount C$600 million Outstanding 3.75% Notes, Series CV to be fully redeemed

Coupon rate 3.75% Interest rate on Notes, Series CV

Original maturity date March 10, 2026 Stated due date of Notes, Series CV

Redemption date January 16, 2026 Scheduled full redemption of Notes, Series CV

Current price $12.78 Price before redemption news on TU

52-week high $16.735 TU 52-week high price

52-week low $12.6885 TU 52-week low price

Market cap $19,829,880,000 TU market capitalization pre-announcement

Market Reality Check

Price: $13.88 Vol: Volume 8,837,074 is 14% a...

normal vol

$13.88 Last Close

Volume Volume 8,837,074 is 14% above the 20-day average of 7,754,127. normal

Technical Price at 12.78, trading below the 200-day MA of 15.36 and near the 52-week low of 12.69.

Peers on Argus

TU was down 0.23% with peers mixed: BCE up 0.85%, RCI up 0.94%, CHTR up 1.63%, w...

TU was down 0.23% with peers mixed: BCE up 0.85%, RCI up 0.94%, CHTR up 1.63%, while SATS fell 5.2% and VIV slipped 0.4%, suggesting stock-specific factors rather than a unified sector move.

Historical Context

5 past events · Latest: Dec 12 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 12	Tender offer results	Neutral	+0.3%	Reported upsizing and full acceptance of validly tendered debt securities.
Dec 09	Industry recognition	Positive	-0.5%	TELUS Digital named Leader in 2025 NelsonHall CX Services Transformation.
Dec 04	Debt offerings	Neutral	+1.1%	Priced US$1.5B and CAD$800M junior subordinated notes for refinancing uses.
Dec 04	Tender offers launch	Neutral	+0.6%	Launched cash tender offers for up to C$500M across seven note series.
Dec 03	FCF targets update	Positive	+1.6%	Outlined 2025–2028 free cash flow growth targets and leverage improvement goals.

Pattern Detected

Recent news has been dominated by capital structure actions and cash flow targets, with stock moves generally modest and mostly aligned with generally positive or neutral updates.

Recent Company History

Over the past weeks, TELUS has focused on balance sheet management and capital allocation. On Dec 3, 2025, it provided a multi-year free cash flow target and leverage objectives. On Dec 4, it launched cash tender offers for up to C$500,000,000 of notes and priced new US$ and CAD$ subordinated notes to refinance debt, including the Series CV notes. Subsequent tender offer results on Dec 12 and a leadership recognition for TELUS Digital reflect ongoing strategic and operational initiatives that frame today’s redemption notice.

Market Pulse Summary

This announcement formalizes TELUS’s plan to fully redeem its C$600 million 3.75% Notes, Series CV o...

Analysis

This announcement formalizes TELUS’s plan to fully redeem its C$600 million 3.75% Notes, Series CV on January 16, 2026, ahead of their March 10, 2026 maturity. It follows recent tender offers and new subordinated note issuances that outlined a broader refinancing strategy. Investors may track future updates on leverage targets, debt composition, and free cash flow, alongside how these capital structure moves interact with the company’s multi‑year cash flow objectives.

Key Terms

cusip, indenture

2 terms

cusip financial

"C$600 million 3.75% Notes, Series CV due March 10, 2026 (CUSIP No. 87971MBC6)"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

indenture financial

"The redemption price for the Notes will be calculated in accordance with the applicable indenture."

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

AI-generated analysis. Not financial advice.

VANCOUVER, BC, Dec. 16, 2025 /PRNewswire/ - TELUS Corporation ("TELUS" or the "Company") announced that it has given notice today of a full redemption on January 16, 2026 of its outstanding C$600 million 3.75% Notes, Series CV due March 10, 2026 (CUSIP No. 87971MBC6) (the "Notes"). The redemption price for the Notes will be calculated in accordance with the applicable indenture.

This news release is for informational purposes only and does not constitute an offer to buy or sell, or the solicitation of an offer to buy, or sell, any securities.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over C$20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing more than 160 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed C$1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit telus.com or follow @TELUSNews on X and @Darren_Entwistle on Instagram.

For more information, please contact:

Investor Relations
Robert Mitchell
ir@telus.com

Media Relations
Steve Beisswanger
Steve.Beisswanger@telus.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/telus-announces-redemption-of-3-75-notes-series-cv-due-march-10--2026--302642789.html

SOURCE TELUS Corporation

FAQ

What did TELUS (TU) announce on Dec. 16, 2025 about its Series CV notes?

TELUS announced notice of a full redemption of its C$600 million 3.75% Notes, Series CV, to be redeemed on Jan. 16, 2026.

When will TELUS redeem the C$600 million Series CV notes (TU)?

The company will redeem the outstanding notes in full on Jan. 16, 2026.

What redemption price will TELUS pay for the Series CV notes (TU)?

The redemption price will be calculated in accordance with the applicable indenture.

Which notes are being redeemed by TELUS (TU) and when do they mature?

TELUS is redeeming the 3.75% Notes, Series CV which were originally due on Mar. 10, 2026.

Does TELUS's notice to redeem Series CV notes constitute an offer to buy or sell securities (TU)?

No. The notice is for informational purposes only and does not constitute an offer to buy or sell securities.

Where can investors find the CUSIP and identifying details for the redeemed notes (TU)?

The redeemed notes are identified as CUSIP No. 87971MBC6 for the C$600 million 3.75% Series CV notes.