Telus plans early redemption of some of its $1.945 billion 8% notes

By Marisa Wong

Milwaukee, Dec. 1 - Telus Corp. announced that it plans an early redemption of up to 30% of its $1.945 billion outstanding 8% notes due June 1, 2011.

Telus said that noteholders will receive accrued interest up to the redemption date.

The company plans to finance the partial redemption through a new debt issue.

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

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