TELUS Announces Partial Redemption of Notes to Enhance Financial Strategy and Community Impact

TELUS Makes Strategic Move with Partial Redemption of Notes

Vancouver-based TELUS Corporation announces a strategic financial decision to initiate a partial redemption of C$500 million of its 2.75% Notes, Series CZ. This decision comes as the company currently has an outstanding aggregate principal amount of C$800 million for these notes, which are set to mature on July 8, 2026. The partial redemption will take place on May 8, 2026, on a pro rata basis, allowing the company to manage its debt effectively while positioning itself for future growth. The funding for this redemption will be sourced from the proceeds of TELUS's Fixed-to-Fixed Rate Junior Subordinated Notes offerings that were completed in December 2025.

This financial move demonstrates TELUS's commitment to maintaining a robust fiscal health while continuing to support its extensive global operations. The company operates in more than 45 countries and generates over C$20 billion in annual revenue through a substantial customer base of over 21 million connections. The ongoing focus on leveraging technology for positive human outcomes underpins TELUS's operational strategy, as the company emphasizes the importance of serving its customers with excellence and upholding a strong sense of social responsibility.

Beyond financial considerations, TELUS is dedicated to improving lives through its various business units, including TELUS Health and TELUS Agriculture & Consumer Goods. TELUS Health impacts over 161 million lives across 200 countries by providing innovative health solutions, enhancing healthcare access and outcomes. Meanwhile, TELUS Agriculture & Consumer Goods helps bridge the gap between producers and consumers using cutting-edge digital tools and technologies. The digital arm, TELUS Digital, further enhances customer engagement by focusing on transforming digital experiences. This holistic commitment to social welfare, combined with fiscal prudence, positions TELUS as a forward-thinking leader in the communications technology sector.

In addition to its financial maneuvers, TELUS actively champions community initiatives, exemplified by its TELUS Student Bursary program launched in 2023. The initiative has already distributed over C$6 million in bursaries to approximately 2,000 students in Canada, reflecting the company’s investment in education and future generations. Furthermore, since 2000, TELUS, along with its employees and retirees, has made significant contributions of C$1.85 billion to various philanthropic causes, earning it the recognition of being the world's most giving company. Through these initiatives, TELUS exemplifies its commitment not only to business success but also to the broader community and societal betterment.