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).