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Canada's Suncor Energy to issue C$750M of senior medium-term notes

Calgary, Alberta-based oil and gas producer Suncor Energy Inc. will issue C$750 million of senior unsecured series 6 medium-term notes due on May 24, 2029. The offering is expected to close May 24.

The notes will have a coupon of 3.10% and were priced at C$99.761 per C$100 of notes to yield 3.128%, according to a May 22 news release. Proceeds would be used to refinance or repay debt.

The notes will be offered through a syndicate of dealers led by CIBC Capital Markets, RBC Capital Markets and TD Securities Inc.