...June 23, 2021 TORONTO (S&P Global Ratings) June 23, 2021--S&P Global Ratings today assigned its '###+' issue-level rating to Telus Corp.'s 2.85% C$750 million senior unsecured sustainability-linked bond due 2031. The rating is in line with our '###+' long-term issuer credit rating on Telus. The company has issued this bond specifically to repurchase existing debt, including commercial paper, and for general corporate purposes. The notes were issued pursuant to Telus' Sustainability-Linked Bond Framework announced on June 14, 2021, and is the first of its kind in Canada. The 10-year bond has a margin step-up of 1% in the final year of maturity should Telus not reach its sustainability target of reducing absolute Scope 1 and Scope 2 greenhouse gas emissions by 46% from its 2019 levels by the end of 2030. To reach these levels, Telus is targeting the reduction of emissions from its own operations, through a focus on reducing both direct (fuel) and indirect (electricity) energy uses. In addition,...
