New Issue: Suncor Energy sells $750 million 3.75% 30-year notes at Treasuries plus 155 bps

By Wendy Van Sickle and Cristal Cody

Columbus, Ohio, March 2 – Suncor Energy Inc. sold $750 million of 3.75% 30-year notes (Baa1/BBB+//DBRS: A(low)) on Tuesday at 99.518 to yield 3.777%, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at Treasuries plus 155 basis points. They were talked in the Treasuries plus 170 bps area, according to a market source.

BofA Securities Inc., Citigroup Global Markets Inc., MUFG, CIBC World Markets Corp. and RBC Capital Markets, LLC were the bookrunners.

Proceeds will be used to repay commercial paper and for general corporate purposes.

Suncor is a Calgary, Alta., energy company.

Issuer:	Suncor Energy Inc.
Amount:	$750 million
Description:	Notes
Maturity:	March 4, 2051
Bookrunners:	BofA Securities Inc., Citigroup Global Markets Inc., MUFG, CIBC World Markets Corp. and RBC Capital Markets, LLC
Co-managers:	BMO Capital Markets Corp., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Scotia Capital Inc., SMBC Nikko Securities America, Inc. and TD Securities (USA) LLC
Coupon:	3.75%
Price:	99.518
Yield:	3.777%
Spread:	Treasuries plus 155 bps
Call features:	Make-whole call at price equal to greater of par and Treasuries plus 25 bps before Sept. 4, 2050; thereafter at par
Trade date:	March 2
Settlement date:	March 4
Ratings:	Moody’s: Baa1
	S&P: BBB+
	DBRS: A (low)
Talk:	Treasuries plus 170 bps area

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