By Andrea Heisinger
Omaha, Sept. 19 - Suncor Energy Inc. priced $400 million add-on to its 6.5% notes due 2038 on Wednesday to yield Treasuries plus 163 basis points, according to a Securities and Exchange Commission filing.
The additional notes (A3/A-) priced at 100.296 to yield 6.477% and have a make-whole call of Treasuries plus 25 bps.
Bookrunners were Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
With the additional notes, the total size of the 6.5% notes is now $1.15 billion.
Suncor is a Canadian energy company based in Calgary, Alta.
| Issuer: | Suncor Energy Inc.
|
| Issue: | Add-on to 6.5% notes
|
| Amount: | $400 million
|
| Maturity: | June 15, 2038
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc.
|
| Coupon: | 6.5%
|
| Price: | 100.296%
|
| Yield: | 6.477%
|
| Spread: | Treasuries plus 163 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Total amount: | $1.15 billion, including $750 million previously priced
|
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