Latest news with #fixedrate
Globe and Mail
3 days ago
- Business
- Globe and Mail
TELUS closes its US$ junior subordinated notes offering
VANCOUVER, BC, June 27, 2025 /CNW/ - TELUS announced today it has successfully closed its previously announced offering of US$1.5 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes (the "Notes") in two series. The Notes were offered through a syndicate of underwriters led by J.P Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC.
Yahoo
6 days ago
- Business
- Yahoo
TELUS announces pricing of US$ junior subordinated notes offering
VANCOUVER, BC, June 24, 2025 /CNW/ - TELUS announced today it has priced an offering of US$1.5 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes in two series (together, the "Notes"). The US$700 million Fixed-to-Fixed Rate Junior Subordinated Notes, Series A due October 15, 2055 will initially bear interest at an annual rate of 6.625% and reset every five years starting on October 15, 2030 at an annual rate equal to the Five-Year U.S. Treasury rate plus a spread of 2.769%, provided that the interest rate during any five-year interest period will not reset below 6.625%. The US$800 million Fixed-to-Fixed Rate Junior Subordinated Notes, Series B due October 15, 2055 will initially bear interest at an annual rate of 7.000% and reset every five years starting on October 15, 2035 at an annual rate equal to the Five-Year U.S. Treasury rate plus a spread of 2.709%, provided that the interest rate during any five-year interest period will not reset below 7.000%. The Notes are offered through a syndicate of underwriters led by J.P Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC. Closing of the offering is expected to occur on or about June 27, 2025, subject to the satisfaction of customary closing conditions. The net proceeds of this offering will be used to fund TELUS' previously announced tender offers. In the event that any tender offer is not consummated or not all of the net proceeds are used to fund the tender offers, TELUS intends to use the remaining net proceeds from this offering for the repayment of debt, including commercial paper (incurred for general corporate purposes), and for other general corporate purposes. TELUS has been advised that credit rating agencies that have rated these Notes have assigned 50% equity credit to the Notes. The Notes will be further described in the prospectus supplement that TELUS will be filing to its short form base shelf prospectus dated August 2, 2024 with the Securities and Exchange Commission as part of an effective shelf registration statement on Form F-10. The Notes are not being offered in Canada or to any resident of Canada except in transactions exempt from the prospectus requirements of applicable Canadian securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities being offered have not been approved or disapproved by any securities regulatory authority in Canada or the United States, nor has any authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. Copies of the short form base shelf prospectus and the prospectus supplement relating to the offering of the Notes when filed with the US Securities and Exchange Commission may be obtained from the Chief Legal and Governance Officer of TELUS at 510 W. Georgia St., 23rd Floor, Vancouver, British Columbia V6B 0M3 (telephone 604-695-6420). Copies of these documents are, or will be, available electronically on the Electronic Data Gathering, Analysis, and Retrieval system, administered by the US Securities and Exchange Commission ("EDGAR") at Investors should read the short form base shelf prospectus and prospectus supplement before making an investment decision. Forward-Looking Statements This news release contains statements about future events pertaining to the offering, including the anticipated closing date of the offering and the intended use of the net proceeds of the offering. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties including risks associated with capital and debt markets. The timing and closing of the above-mentioned offering are subject to customary closing conditions and other risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2024 annual management's discussion and analysis ("MD&A"), and updated in our first quarter 2025 MD&A, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at and in the United States (on EDGAR at The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements. About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over C$20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed C$1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. Investor RelationsIan McMillanir@ Media RelationsSteve View original content to download multimedia: SOURCE TELUS Corporation View original content to download multimedia: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Apollo to invest £4.5bn in EDF's UK energy projects
Asset manager Apollo has announced that its managed affiliates, funds and strategic accounts will invest up to £4.5bn ($6.04bn) in fixed-rate callable notes issued by Électricité de France (EDF). EDF is issuing the notes as part of its €50bn Euro Medium Term Note (EMTN) programme. The proceeds from the investment will be directed primarily into financing EDF's operations in the UK, including the Hinkley Point C nuclear power station. The deal is one of the largest sterling-denominated note issuances on record. It reinforces Apollo's long-standing history with French entities, in which it has been actively investing for nearly three decades. Apollo Partner Jamshid Ehsani stated: 'Apollo is pleased to provide this bespoke, large-scale financing to EDF in support of its vital role in advancing European energy sovereignty and power infrastructure, including in the UK.' 'This landmark transaction highlights our deepening partnership with the French government and EDF and reaffirms our commitment to being a premier capital provider to leading European companies. This is the largest-ever capital funding transaction executed by EDF and the largest private credit transaction in the sterling market.' Legal aspects of the transaction were handled by Latham & Watkins and Kirkland & Ellis representing Apollo, while BNP Paribas offered financial advice and Hogan Lovells provided legal counsel to EDF. Sructuring and arrangement services for the transaction are being facilitated by Apollo Capital Solutions Europe, further strengthening their role in shaping large-scale investments within the power industry. In December 2024, the Hinkley Point C nuclear facility successfully installed the UK's first new nuclear reactor in more than 30 years. "Apollo to invest £4.5bn in EDF's UK energy projects" was originally created and published by Power Technology, a GlobalData owned brand.
Zawya
17-06-2025
- Business
- Zawya
Spreads set for Saudi National Bank's USD T2 notes as books near $4bln
Saudi National Bank's US dollar-denominated fixed rate tier 2 capital notes have spread set at US Treasury plus 200 basis points (bps), tighter than Initial price thoughts (IPTs) in the UST + 235 bps area. Books are currently over $3.9 billion (excluding JLM interest). The Reg S 10-year non-call 5 notes are being issued under the bank's $10 billion Euro medium Term Note programme. The issuer is SNB Funding Ltd. with Saudi National Bank the guarantor. (Writing by Brinda Darasha; editing by Daniel Luiz)
The Sun
07-06-2025
- Business
- The Sun
Nationwide customers could make up to £759 by making simple switch
NATIONWIDE customers can get a huge boost to their savings of up to £759 thanks to a new offer. The building society is Nationwide members exclusive access to a new Member Exclusive Bond account. The 18-month fixed term account comes with a very attractive 5% interest rate - and it means you can get a great return on your savings. You can put anything between £1 to £10,000 into the account. If you save away the maximum £10,000, you'll get a huge return of £759 at the end of the 18 months. According to the best fixed-rate bond savings accounts up to one year offer rates of 4.45%. That makes the Member Exclusive Bond account one of the best options if you want to lock your money away in a fixed-rate account. However there are some terms and conditions you'll need to meet to be eligible to open the account. Firstly you'll need to be an existing Nationwide member - which just means you need to have a bank account, savings account or mortgage with the building society. You'll also need to be aged 16 or over, be registered to use the internet bank and have a valid email address. Once you've started the process of opening an account, you'll have two weeks to add funds to it. If you don't make a payment into the account in that time then your account will be closed. Inside the hubs restoring high street banking and reversing the tide of mass branch closures You can close the account within the same two-week timeline if you would like. But like with other fixed-term accounts, you won't be able to take money out of the account or close it before the end of the term. The interest is paid annually on the date the account was first opened. So if you opened your account tomorrow then you would receive your interest payment when the account matures on June 8 2026. What is a fixed-term account and what other options are there? A fixed-term savings account generally means your money is locked away for a fixed amount of time - such as one year, two years or five years. You'll receive a fixed interest rate that won't change over this time. Usually fixed-term accounts have higher interest rates than easy access savings accounts. Fixed accounts are best if you know you won't need your money for a certain amount of time but want to get more return on your savings. If you want to be able to get your money more easily, you are better off looking at easy access savings accounts. These might offer unlimited withdrawals, or a set number of withdrawals per year. Another option for putting away your savings is to look at ISAs, which allow you to save up to £20,000 tax-free per year. You can either go for a Cash ISA which is more similar to having a standard savings account, or if you are willing to take on more risk you can look at Stocks and Shares ISAs. These let you use your tax-free ISA allowance to invest in the stock market. Of course, another option is to look at investing. You can see our ultimate beginner's guide to investing here. What are the best interest rates around right now? Cash ISAs are currently paying some of the best interest rates - although bear in mind you can only save away up to £20,000 in these per tax year. The top easy-access rate right now is Plum 's 4.85% Cash ISA. This includes a 1.57% 12-month bonus, so it's worth noting down to switch after a year as your rate will drop dramatically then. You should also be aware that your rate will drop if you withdraw more than three times a year, so this is best if you're not planning to withdraw often. A similar option is Chip's Cash ISA deal, which has an interest rate of 4.82% but allows unlimited penalty-free withdrawals. If you have more than £20,000 to save, Atom Bank has an easy access account with a rate of 4.75%. However the interest rate drops in any month you withdraw so it's best if you just want to store money. If you're looking for a one-year fixed account, Cynergy Bank pays the top rate at 4.4% and can be opened with a minimum of £1,000. The top two-year fix is only slightly higher at 4.43% and it comes from Birmingham Bank. It can be opened online with a minimum of £5,000.
