DBRS: Pembina notes BBB

DBRS said it has assigned a rating of BBB with a stable trend to Pembina Pipeline Corp.'s issue of C$200 million of 4.75% series 3 unsecured medium-term notes due April 30, 2043.

The series 3 notes ranks equally with all other unsecured and unsubordinated indebtedness of Pembina, and net proceeds from the issue will be primarily used to pay down existing bank indebtedness, the agency said.

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