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Fitch Rates TELUS' Senior Unsecured Notes Offering 'BBB+'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to TELUS Corporation's (TSX: T, NYSE: TU) offering of CAD250 million 1.5% senior unsecured notes due 2018, CAD1 billion 2.35% senior unsecured notes due 2022 and CAD500 million 4.4% senior unsecured notes due 2046. Net proceeds are expected to be used to fund all or a portion of the remaining CAD1.2 billion required to acquire AWS-3 spectrum licenses, to repay credit facility and commercial paper borrowings with any remaining

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