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

TELUS (TSX:TU) announced a full redemption of its outstanding C$600 million 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

Argus Dec 16 session

-0.47% close to close Open Argus

Details

News Market Reaction – TU

On Dec 16, the day this news came out, TU closed 0.47% below the previous close.

Data tracked by StockTitan Argus for the Dec 16 session.

Key Figures

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

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

Historical Context

5 past events · Latest: Dec 12

5 events

1. Dec 12

   Tender offer results

   24h Move

   +0.3%

   Reported upsizing and full acceptance of validly tendered debt securities.

2. Dec 09

   Industry recognition

   24h Move

   -0.5%

   TELUS Digital named Leader in 2025 NelsonHall CX Services Transformation.

3. Dec 04

   Debt offerings

   24h Move

   +1.1%

   Priced US$1.5B and CAD$800M junior subordinated notes for refinancing uses.

4. Dec 04

   Tender offers launch

   24h Move

   +0.6%

   Launched cash tender offers for up to C$500M across seven note series.

5. Dec 03

   FCF targets update

   24h Move

   +1.6%

   Outlined 2025–2028 free cash flow growth targets and leverage improvement goals.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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.

View in glossary

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. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.