Telus completes CAD1.5bn equity offering

28 Feb 2020

Canadian full-service telco Telus Corporation confirmed that it closed an offering of 28.75 million common shares on 26 February, including full exercise of an over-allotment option, raising total gross proceeds of CAD1.495 billion (USD1.120 billion). Vancouver-based Telus, which is listed on the Toronto and New York stock exchanges, launched the ‘bought deal’ offering on 19 February at a price of CAD52.00 per share, with a syndicate of underwriters led by RBC Capital Markets and TD Securities acting as bookrunners. Proceeds from the offering are earmarked for general corporate purposes including funding growth opportunities, capital expenditures and reduction of debt.

Canada, Telus Corporation