DBRS rates Pembina’s new notes BBB

DBRS Ltd. said it assigned a rating of BBB with a stable trend to Pembina Pipeline Corp.’s issue of C$600 million long-term debt consisting of (a) C$450 million in senior unsecured medium-term notes, series 5, with a fixed coupon of 3.545% and maturing February 2025; and (b) $150 million through the reopening of its 4.75% senior unsecured MTNs, series 3, maturing in April 2043.

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