On May 29, Canadian Natural Resources Ltd. (NYSE: CNQ, TO: CNQ.TO) priced C$1 billion in senior notes, the company said that day. It had issued $500 million, in principal amount, of 2.6% unsecured notes due Dec. 3, 2019, as well as $500 million, in principal amount, of 3.55% unsecured notes due June 3, 2024, the company added.
The sets of notes were priced at $99.822 and 99.633, per $100 principal amount, respectively, the company said.
The notes were sold to investors in Canada, the company added.
Net proceeds will support general corporate purposes related to operations, Canadian Natural Resources said. They might also be used to repay debts, the company noted.
BMO Capital Markets, CIBC World Markets Inc., and RBC Dominion Securities Inc. were joint lead agents and joint book-runners, the company said. Scotia Capital Inc., Merrill Lynch Canada Inc., Desjardins Securities Inc. and Altacorp Capital Inc. were co-agents, Canadian Natural Resources added.
Calgary, Alberta-based Canadian Natural Resources Ltd. produces oil and natural gas around the world.
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