TELUS completes redemption of 3.75% Notes, Series CV due March 10, 2026

Jan 16, 2026

TELUS Corporation ("TELUS" or the "Company") today confirmed the successful completion of the full redemption of its outstanding C$600 million 3.75% Notes, Series CV due March 10, 2026 (CUSIP No. 87971MBC6), as initially announced on December 16, 2025. The redemption was funded through proceeds from TELUS' December 2025 offering of Fixed-to-Fixed Rate Junior Subordinated Notes ("Hybrid Notes"), which raised the equivalent of C$2.9 billion with proceeds designated toward debt repayment.

"This successful redemption demonstrates our disciplined approach to balance sheet management and our commitment to strengthening our financial foundation," said Doug French, Executive Vice-President and CFO. "By proactively managing our debt maturity profile through strategic refinancing, we're creating greater financial flexibility to support our capital allocation priorities and drive long-term shareholder value."

This redemption is part of TELUS' broader balance sheet management and deleveraging initiatives, which also included the early redemption of seven series of discounted notes totaling C$1.0 billion in cash proceeds, as communicated on December 10, 2025, following the issuance of the Hybrid Notes.

Today's update underscores TELUS' commitment to balance sheet management and supports its deleveraging trajectory, moving ahead of plan, with 2025 net debt to adjusted EBITDA projected at approximately 3.4-times. The Company aims to reach circa 3.3-times or lower by year-end 2026, and approximately 3.0-times by the end of 2027.

Click here to see more...

Video: We’ll NEVER Use These Grain Bins Again!

A huge change is happening on the farm — our new grain bin has officially arrived, and that means we’ll never use some of our old grain bins again. In today's video, we take delivery of the new grain bin, look back at the old bins that have been part of our farm for years, and talk about why this upgrade is such a big deal for harvest, grain storage, and the future of our family farm.

This is more than just a grain bin delivery. It’s the end of an era and the start of a major farm upgrade that will completely change how we handle corn during harvest. From old grain storage to a brand-new bin setup, this project is one of the biggest improvements we’ve made at the farm.

Join me as the new grain bin shows up, the bin project continues, and we prepare for a new chapter in harvest efficiency on our Minnesota family farm.