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CU INC. ANNOUNCES DEBENTURE ISSUE

Newswire.ca - Mon Sep 11, 2023

CALGARY, AB, Sept. 11, 2023 /CNW/ - CU Inc. (TSX: CIU.PR.A) (TSX: CIU.PR.C)

CU Inc. announced today that it will issue $340,000,000 of 5.088% Debentures maturing on September 20, 2053, at a price of $100.00 to yield 5.088%. This issue was sold by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., MUFG Securities (Canada), Ltd. and ATB Capital Markets Inc. Proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness and for other general corporate purposes.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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