By Wendy Van Sickle
Columbus, Ohio, Sept. 9 – Pembina Pipeline Corp. priced C$1.5 billion of senior medium-term notes in three tranches on Monday, according to a news release.
Pembina Pipeline priced C$600 million of 2.56% series 14 notes due June 1, 2023.
The company priced C$600 million of 3.31% series 15 notes due Feb. 1, 2030.
The issuer also priced C$300 million of 4.54% series 13 notes due April 3, 2039 in a reopening. The company priced C$400 million of the series 13 notes in April.
Additional pricing terms were not immediately available.
Pembina Pipeline plans to use the proceeds to repay short-term debt under its credit facilities, to fund the company’s capital program and for other general corporate purposes.
The transportation and midstream service provider for the energy industry is based in Calgary, Alta.
| Issuer: | Pembina Pipeline Corp.
|
| Amount: | C$1.5 billion
|
| Securities: | Senior medium-term notes
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 12
|
| Distribution: | Canada
|
|
|
| Series 14 notes
|
| Amount: | C$600 million
|
| Maturity: | June 1, 2023
|
| Coupon: | 2.56%
|
|
|
| Series 15 notes
|
| Amount: | C$600 million
|
| Maturity: | Feb. 1, 2030
|
| Coupon: | 3.31%
|
|
|
| Series 13 notes reopening
|
| Amount: | C$300 million
|
| Maturity: | April 3, 2039
|
| Coupon: | 4.54%
|
| Original issue: | C$400 million priced in April
|
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