Canadian Natural Resources Limited Prices C$400 Million in 3 Year Notes
December 13 2007 - 6:52PM
Marketwired
CALGARY, ALBERTA (NYSE: CNQ) ("Canadian Natural" or the
"Company") has priced C$400 million principal amount of 5.50%
unsecured notes due December 17, 2010 which have been sold to
investors in Canada. The notes were sold at a price of C$99.951 per
note to yield 5.518% to maturity.
Net proceeds from the sale of the notes will be used to repay
bank indebtedness. RBC Capital Markets was co-lead and sole
bookrunner, and Scotia Capital acted as co-lead on the offering.
BMO Capital Markets and CIBC World Markets acted as
co-managers.
The sale of the notes was the first issuance under the short
form Canadian base shelf prospectus dated September 25, 2007 that
allows for the issuance of debt securities in an aggregate
principal amount of up to
C$3 billion.
Canadian Natural is a senior oil and natural gas production
company, with continuing operations in its core areas located in
Western Canada, the U.K. portion of 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.
Contacts: Canadian Natural Resources Limited Allan P. Markin
Chairman (403) 514-7777 (403) 514-7888 (FAX) Canadian Natural
Resources Limited John G. Langille Vice-Chairman (403) 514-7777
(403) 514-7888 (FAX) Canadian Natural Resources Limited Steve W.
Laut President and Chief Operating Officer (403) 514-7777 (403)
514-7888 (FAX) Canadian Natural Resources Limited Douglas A. Proll
Chief Financial Officer and Senior Vice-President, Finance (403)
514-7777 (403) 514-7888 (FAX) Canadian Natural Resources Limited
Corey B. Bieber Vice-President, Finance & Investor Relations
(403) 514-7777 (403) 514-7888 (FAX) Canadian Natural Resources
Limited 2500, 855 - 2nd Street S.W. Calgary, Alberta T2P 4J8 Email:
ir@cnrl.com Website: www.cnrl.com
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