Telus 2011 Annual Report Download - page 158

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154 . TELUS 2011 ANNUAL REPORT
20 LONG-TERM DEBT
Summary schedule of long-term debt and related disclosures
(a) Details of long-term debt
December 31, December 31, January 1,
As at ($ in millions) 2 0 11 2010 2010
Series Rate of interest Maturity
TELUS Corporation Notes
U.S.(2) 8.00%(1) June 2011 $ – $ 736 $ß1,411
CB 5.00%(1) June 2013 300 299 299
CC 4.50%(1) March 2012 300 300 299
CD 4.95%(1) March 2017 692 691 690
CE 5.95%(1) April 2015 498 498 498
CF 4.95%(1) May 2014 698 698 697
CG 5.05%(1) December 2019 991 990 989
CH 5.05%(1) July 2020 993 992 –
CI 3.65%(1) May 2016 595 – –
5,067 5,204 4,883
TELUS Corporation Commercial Paper 1.16% Through April 2012 766 104 467
TELUS Communications Inc. Debentures
1 12.00%(1) May 2010 – – 50
2 11.90%(1) November 2015 124 124 124
3 10.65%(1) June 2021 174 174 173
5 9.65%(1) April 2022 245 245 245
B 8.80%(1) September 2025 198 198 198
741 741 790
TELUS Communications Inc. First Mortgage Bonds
U 11.50%(1) July 2010 – – 30
Finance leases – 7 2
Long-Term Debt $ß6,574 $ß6,056 $ß6,172
Current $ß1,066 $ 847 $ 549
Non-current 5,508 5,209 5,623
Long-Term Debt $ß6,574 $ß6,056 $ß6,172
(1) Interest is payable semi-annually.
(2) Principal face value of notes is U.S.$NIL (December 31, 2010 – U.S.$741; January 1, 2010 – U.S.$1,348).
(b) TELUS Corporation notes
General
The notes are senior, unsecured and unsubordinated obligations of the
Company and rank equally in right of payment with all existing and future
unsecured, unsubordinated obligations of the Company, are senior in
right of payment to all existing and future subordinated indebtedness of
the Company, and are effectively subordinated to all existing and future
obligations of, or guaranteed by, the Company’s subsidiaries.
The indentures governing the notes contain certain covenants which,
among other things, place limitations on the ability of TELUS and certain
of its subsidiaries to: grant security in respect of indebtedness, enter into
sale and lease-back transactions and incur new indebtedness.