Pembina Pipeline to redeem series 13 preferreds on June 1

By Wendy Van Sickle

Columbus, Ohio, April 6 – Pembina Pipeline Corp. plans to redeem its 10 million outstanding cumulative redeemable minimum rate reset class A preferred shares, series 13, on June 1, according to a press release.

The notes will be redeemed at par of $25 for a total redemption price of $250 million to be funded by proceeds from the C$600 million of 4.8% notes issued in January.

Calgary, Alta.-based Pembina Pipeline is a transportation and midstream service provider to the energy industry.

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