DBRS assigns notes BBB

DBRS said it assigned a rating of BBB (high) to Telus Corp.’s C$500 million of 4.1% notes, series CAE due 2051, which closed on April 5.

The rating is based upon the rating on already-outstanding series of notes, DBRS said.

Telus will use the proceeds to repay the series 3, 10.65% debentures of its subsidiary Telus Communications Inc. due in June, to repay commercial paper and for general corporate purposes.

The trend is stable.

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