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Pembina announces closing of public note offering

Published by
World Pipelines,


Pembina Pipeline Corporation has closed its previously announced offering of CAN$600 million of senior unsecured medium-term notes. The offering was conducted in two tranches consisting of CAN$450 million in senior unsecured medium-term notes, series 5, having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on 3 February 2025, and CAN$150 million through the re-opening of its 4.75% medium-term notes, series 3, due 30 April 2043.

The offering was announced on 28 January 2015. The series 3 Notes and series 5 notes were offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated 22 February 2013, a related prospectus supplement dated 24 April 2013 and a related pricing supplement dated 28 January 2015.

The net proceeds will be used by the company to reduce short-term indebtedness under its credit facilities, as well as to fund Pembina's capital programme and for other general corporate purposes.


Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/03022015/pembina-announces-closing-of-public-note-offering-94/

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