Capital Markets

The Underwriters in connection with TELUS Corporation’s US$900 million Sustainability-Linked Bond offering

The Underwriters
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
Kevin Feng

Associate, Corporate, Toronto

Timothy Hughes

Partner, Tax, Toronto

Jason Comerford

Partner, Corporate, New York

Emery White

Associate, Corporate, Toronto

James Chang

Associate, Tax, Toronto

 

On February 23, 2022, TELUS Corporation announced its US$900 million offering of senior unsecured Sustainability-Linked notes. The notes are offered through a syndicate of underwriters led by J.P Morgan Securities LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC.

The notes are “Sustainability-Linked Bonds” issued pursuant to TELUS’ Sustainability-Linked Bond Framework and will be TELUS’ second bond offering under the Framework. As part of the Framework, TELUS has committed to reducing its absolute Scope 1 and 2 greenhouse gas emissions by 46% from 2019 levels by 2030.

TELUS Corporation is a Canadian telecommunications company specializing in providing telecommunications products and services including access to internet, voice, entertainment, healthcare and video.

Osler, Hoskin & Harcourt LLP acted as Canadian counsel for The Underwriters with a team consisting of Michael Innes, Jason Comerford, Kevin Feng, Emery White (Corporate), Timothy Hughes, and James Chang (Tax).

Value
US$900 million
Date Closed
February 23, 2022
Lead Office
Toronto
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
Kevin Feng

Associate, Corporate, Toronto

Timothy Hughes

Partner, Tax, Toronto

Jason Comerford

Partner, Corporate, New York

Emery White

Associate, Corporate, Toronto

James Chang

Associate, Tax, Toronto