TELUS to Partially Redeem C$500 Million of 2026 Notes
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The latest update is out from Telus ( (TSE:T) ).
TELUS plans to partially redeem C$500 million of its 2.75% Notes, Series CZ due July 8, 2026, on May 8, 2026, out of a total C$800 million outstanding. The notes will be selected on a pro rata basis, with the redemption price set under the existing indenture, and will be funded using proceeds from the company’s Fixed-to-Fixed Rate Junior Subordinated Notes issued in December 2025.
The transaction reflects TELUS’ ongoing balance sheet management as it refinances near-term debt with longer-dated, subordinated securities, potentially strengthening its capital structure ahead of the notes’ maturity. The move may also lower refinancing risk and provide additional financial flexibility as the company continues to invest in its core communications, health and digital businesses.
The most recent analyst rating on (TSE:T) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Telus stock, see the TSE:T Stock Forecast page.
Spark’s Take on TSE:T Stock
According to Spark, TipRanks’ AI Analyst, TSE:T is a Neutral.
The score is held back primarily by balance-sheet leverage and a weak-to-neutral technical trend (price below key longer-term moving averages). Offsetting factors include improving free cash flow and steady revenue growth, plus an earnings-call backdrop of strong customer metrics and growth initiatives (Health/AI), while valuation is mixed with a very high yield but a relatively high P/E.
To see Spark’s full report on TSE:T stock, click here.
More about Telus
TELUS Corporation is a global communications technology company based in Canada, operating in more than 45 countries and generating over $20 billion in annual revenue. The company provides broadband and digital services to consumers, businesses and the public sector, and extends its reach through TELUS Health, TELUS Agriculture & Consumer Goods and TELUS Digital, with a strong focus on customer service and community investment.
YTD Price Performance: 3.04%
Average Trading Volume: 7,741,910
Technical Sentiment Signal: Hold
Current Market Cap: C$29.1B
See more insights into T stock on TipRanks’ Stock Analysis page.
