BURNABY, British Columbia-Telus Corp. plans to take advantage of debt capital markets in both Canada and the United States as it struggles to develop a long-term debt financing plan.
The Canadian telecommunications company said it has appointed two underwriting syndicates in connection with concurrent public offerings of notes in Canada and the United States. Together the offerings allow Telus to offer up almost $6.5 billion of debt securities, preferred shares, non-voting shares and common shares.