New Issue: Suncor Energy prices $750 million 4% notes due 2047 at 125 bps spread

By Cristal Cody

Tupelo, Miss., Nov. 8 – Suncor Energy Inc. sold $750 million of 4% 30-year notes (Baa1/A-/DBRS: A) on Wednesday at 99.498 to yield 4.029%, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at a spread of 125 basis points over Treasuries.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA Inc. were the bookrunners.

Proceeds will be used to repay upcoming long-term debt maturities and for general corporate purposes.

Suncor is a Calgary, Alta., energy company.

Issuer:	Suncor Energy Inc.
Amount:	$750 million
Description:	Notes
Maturity:	Nov. 15, 2047
Bookrunners:	Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA Inc.
Co-managers:	J.P. Morgan Securities LLC, Lloyds Securities Inc., BofA Merrill Lynch, Morgan Stanley & Co. LLC, MUFG, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc.
Coupon:	4%
Price:	99.498
Yield:	4.029%
Spread:	Treasuries plus 125 bps
Call features:	Make-whole call at Treasuries plus 20 bps before May 15, 2047; thereafter at par
Trade date:	Nov. 8
Settlement date:	Nov. 15
Ratings:	Moody’s: Baa1
	S&P: A-
	DBRS: A
Distribution:	SEC registered

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