Telus ( ($TSE:T) ) just unveiled an announcement.
TELUS has announced the pricing of $1.6 billion in fixed-to-fixed rate junior subordinated notes through a syndicate of agents. These notes, issued in two series with a 30.25-year maturity, are intended to help the company repay outstanding debts and support general corporate purposes. The Series CAR notes have an initial yield of 6.25% and the Series CAS notes have an initial yield of 6.75%, with both series having mechanisms to reset interest rates every five years. The issuance of these notes is expected to enhance TELUS’s financial flexibility and strengthen its market position.
Spark’s Take on TSE:T Stock
According to Spark, TipRanks’ AI Analyst, TSE:T is a Neutral.
Telus’s overall score reflects a strong financial performance and positive corporate events, offset by technical weaknesses and a high valuation. The company is poised for long-term growth with strategic initiatives, but near-term technical metrics and valuation concerns may pose challenges.
To see Spark’s full report on TSE:T stock, click here.
More about Telus
TELUS is a telecommunications company based in Vancouver, British Columbia. It is involved in providing a wide range of communication products and services, including wireless and wireline services, data, Internet protocol, voice, entertainment, video, and television services. The company focuses on delivering innovative solutions to both consumer and business markets.
YTD Price Performance: 11.26%
Average Trading Volume: 4,082,643
Technical Sentiment Signal: Buy
Current Market Cap: $22.4B
Learn more about T stock on TipRanks’ Stock Analysis page.
