Canada’s Suncor said Sept. 8 that it will issue CA$1 billion of senior unsecured Series 5 medium-term notes through two tranches.
The tranches will consist of CA$700 million of the notes maturing on Sept. 14, 2026 and CA$300 million of the notes maturing on Sept. 13, 2046.
The 2026 notes have been priced at CA$99.751 each and the 2046 notes have been priced at CA$99.900 each.
The net proceeds will repay existing short-term debts.
The notes are being offered through a syndicate of dealers led by CIBC World Markets Inc., BMO Nesbitt Burns Inc. and HSBC Securities (Canada) Inc.
The offering is expected to close on Sept.13, 2016.
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