Canada's Telus pricing senior notes in two tranches on Tuesday

By Andrea Heisinger

New York, March 26 - Telus Corp. is expected to price senior notes (Baa1/BBB+/) in two tranches on Tuesday, according to a SUPPL filing with the Securities and Exchange Commission.

The securities have a change-of-control put at 101%.

Proceeds will be used to repay 5% series CB notes due June 2013 at maturity, to fund the proposed redemption of series CF notes, to repay outstanding commercial paper and for general working capital purposes.

The telecommunications products and services provider is based in Burnaby, B.C.

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