DBRS rates Pembina notes BBB

DBRS said it assigned a rating of BBB with a stable trend to Pembina Pipeline Corp.'s issue of C$450 million 3.77% unsecured medium-term notes, series 2 due Oct. 24, 2022.

The notes rank equally with all other unsecured and unsubordinated indebtedness of Pembina.

The proceeds will be used to pay down existing bank indebtedness, DBRS said.

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