Canadian Natural Resources Limited Prices Sale of U.S. $700 Million in 10 and 30 Year Notes.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--Sept. 9, 2002 Canadian Natural Resources Limited Canadian Natural Resources Limited TSX: CNQ NYSE: CNQ is an oil and natural gas exploration, development and production company based in Calgary, Alberta. Operations are focused in Western Canada, the North Sea and offshore West Africa. ("Canadian Natural") (TSX:CNQ.TO) (NYSE NYSE See: New York Stock Exchange :CED) announced today that it has priced U.S. $350 million principal amount of 5.45% unsecured notes due October 1, 2012 and U.S. $350 million principal amount of 6.45% unsecured notes due June 30, 2033, which will be sold to investors in the United States. The 5.45% unsecured notes were sold at a price of 99.836% per note to yield 5.471% to maturity. The 6.45% unsecured notes were sold at a price of 99.482% per note to yield 6.490% to maturity. Net proceeds from the sale of the notes will be used primarily to repay bank indebtedness. The securities have been rated by three rating services: Baa1 by Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , Inc.; BBB+ by Standard & Poor's Corporation; and BBB(high) by Dominion Bond Rating Service Dominion Bond Rating Service is a credit rating agency based in Toronto, Ontario. Founded in 1976, it is one of the largest credit rating agencies in Canada. It is one of five Nationally Recognized Statistical Rating Organizations in the United States, though significantly smaller Limited. The offering was lead managed by Salomon Smith Barney and Lehman Brothers. Banc of America Securities LLC, Deutsche Bank Securities, JPMorgan, Merrill Lynch & Co, UBS Warburg, Banc One Capital Markets, Inc., BMO Nesbitt Burns  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
The sale of the notes were issued under the short form base shelf prospectus dated August 16, 2002 which allows for the issuance of debt securities in an aggregate principal amount of up to U.S. $1 Billion. Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta, Canada. The Company's operations are focused in Western Canada, the North Sea and Offshore West Africa. Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. |
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