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Stock impact report

Suncor Energy announces $1.25 billion medium term note offering

Suncor Energy Inc. (SU) 
Last suncor energy inc. earnings: 2/5 07:15 pm Check Earnings Report
US:NYSE Investor Relations: suncor.com/investor-centre
Company Research Source: GlobeNewswire
CALGARY, Alberta, April 07, 2020 (GLOBE NEWSWIRE) -- Suncor announced today that it will issue $1.25 billion of senior unsecured Series 7 Medium Term Notes due on April 9, 2030 (the “Notes”). The Notes will have a coupon of 5.00% and have been priced at $99.697 per $100 of Notes to yield 5.039%. The offering is expected to close on April 9, 2020, subject to customary closing conditions. Suncor intends to use the net proceeds from the sale of the Notes to repay short-term indebtedness and for general corporate purposes.  Pending any such use of the net proceeds, Suncor will invest the net proceeds in bank deposits and short-term marketable securities. The Notes are being offered through a syndicate of dealers led by CIBC World Markets Inc., RBC Dominion Securities Inc., and TD Securities Inc. under Suncor's short form base shelf prospectus dated June 8, 2018 and a related pricing supplement dated April 7, 2020.   From March 23, 2020 to April 7, 2020, Suncor has significantly incre Show less Read more
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