Telus announces redemption price for its C$700 million 4.95% notes

By Tali David

Minneapolis, May 10 - Telus Corp. announced the redemption price for its C$700 million 4.95% series CF notes due May 15, 2014, according to a press release.

The notes will be redeemed at C$1,031.58 plus accrued interest of C$24.75 for a total of C$1,056.33 per C$1,000 principal amount.

The redemption price, which will be paid on May 15, is based on the yield for a Government of Canada bond with the equivalent maturity plus 71 basis points.

Telus is a Vancouver, B.C.-based telecommunications company.

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