Telus calls 6.75% convertibles

New York, May 9 - Telus Corp. said it will redeem its C$150 million of 6.75% convertible unsecured subordinated debentures due 2010 on June 16.

The Vancouver, B.C.-based telecommunications company will pay C$1,000.185 per C$1,000 principal amount, including accrued interest.

Holders can convert the securities into non-voting shares at a price of C$39.73 per share. Telus stock closed at C$39.77 Friday.

Telus will use general corporate funds to pay for the redemption.

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