TELUS Announces Partial Redemption of 2.75% Notes, Series CZ due July 8, 2026

TELUS Corporation has announced a partial redemption of its 2.75% Notes, Series CZ, set to mature on July 8, 2026. The company will redeem C$500 million of the total C$800 million outstanding through a pro rata selection process, with the redemption scheduled for May 8, 2026. The redemption price will be determined in accordance with the underlying indenture governing the Notes. This strategic move will be funded through proceeds from TELUS' Fixed-to-Fixed Rate Junior Subordinated Notes offerings that were completed in December of the previous year.

TELUS, a leading communications technology firm operating in over 45 countries, generates more than $20 billion in annual revenue and manages over 21 million customer connections. The company is focused on utilizing its technological capabilities to enhance customer and community outcomes, emphasizing a commitment to service excellence and social capitalism. TELUS also has a strong focus on health and agriculture sectors through TELUS Health and TELUS Agriculture & Consumer Goods, respectively, which leverage digital technologies to create impactful solutions.

In line with its corporate values, TELUS has demonstrated a commitment to community involvement and philanthropy, having contributed over $1.85 billion since 2000 to various initiatives. Recently, the company has launched the TELUS Student Bursary program, which has already provided more than $6 million in funding to help young Canadians pursue post-secondary education. This dedication to social responsibility has earned TELUS recognition as one of the world’s most generous companies. For more information, stakeholders and interested parties can visit TELUS' official website or follow their updates on social media.

TELUS Corporation's recent announcement regarding the partial redemption of its 2.75% Notes, Series CZ due July 8, 2026, indicates a strategic financial maneuver that warrants careful consideration from investors. The company plans to redeem C$500 million of these notes, reducing the outstanding principal from C$800 million to C$300 million. This decision reflects TELUS's proactive approach to managing its debt obligations and optimizing its capital structure.

From a market perspective, this redemption can be interpreted positively. It suggests that TELUS is in a solid financial position, enabled by proceeds from its Fixed-to-Fixed Rate Junior Subordinated Notes offerings completed in December 2025. This move could enhance its credit profile by reducing leverage and interest obligations, which is attractive for potential investors seeking stability in a volatile market environment.

Furthermore, the partial redemption of the notes could lead to a reduction in future interest expenses, with the company potentially reallocating those savings into growth initiatives or shareholder returns, such as dividends or share buybacks. This practice could bolster investor confidence and potentially drive the stock price upward over time, especially if TELUS leverages its robust revenue-generating capabilities effectively.

Investors should monitor TELUS's performance in the coming quarters, particularly how it utilizes the extra liquidity from this redemption. Continued focus on growth in digital services and improvements in customer experience could position the company favorably against its competitors.

In conclusion, TELUS's partial redemption activity is a signal of sound financial management and poses a bullish outlook for the stock. As always, investors should conduct comprehensive due diligence and consider their financial goals and risk appetite before making investment decisions.