Suncor announced it will issue C$1.0 billion of senior unsecured notes, consisting of C$700 mm of 2026 notes (3.00% coupon priced at $99.751) and $300 mm of 2046 notes (4.34% coupon priced at $99.900), and noted the intent is to use the proceeds to repay some of its existing short-term indebtedness.
08 Sep 2016
ISSUING C$1.0 BILLION IN NOTES - MORE DRY POWDER, OR MERELY OPPORTUNISTIC FINANCING?
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ISSUING C$1.0 BILLION IN NOTES - MORE DRY POWDER, OR MERELY OPPORTUNISTIC FINANCING?
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
08 Sep 2016 -
Author:
Michael P. Dunn -
Pages:
3
Suncor announced it will issue C$1.0 billion of senior unsecured notes, consisting of C$700 mm of 2026 notes (3.00% coupon priced at $99.751) and $300 mm of 2046 notes (4.34% coupon priced at $99.900), and noted the intent is to use the proceeds to repay some of its existing short-term indebtedness.