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US$500 million public note offering announced by Pembina Pipeline Corporation

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World Pipelines,

Pembina Pipeline Corporation (Pembina) has recently announced that it has agreed to issue US$500 million of senior unsecured medium-term notes. The notes carry a fixed coupon of 3.71% per annum, paid semi-annually. These mature on 11 August 2026.

The offering is expected to close on 11 August 2016, with net proceeds being used to repay the short-term indebtedness of the company under its credit facilities, funding Pembina's capital programme and for other corporate purposes.

The Series 7 notes are being offered through a syndicate of dealers under Pembina's short-form base shelf prospectus dated 18 March 2015, as supplemented by a prospectus supplement, dated 11 June 2015, and a related pricing supplement, dated 8 August 2016.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes in any jurisdiction. The notes being offered have not been approved or disapproved by any regulatory authority. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the US Securities Act), or any state securities laws. Additionally, it may not be offered or sold within the United States unless an exemption from the registration requirements of the US Securities Act is available.

Adapted from press release by Anna Nicklin

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