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Canadian Natural Resources Limited Prices US1500 Million in 5 and 10 Year USD Notes and C500 Million in 7 Year CAD Notes

December 05, 2024
Canadian Natural Resources Limited (CNQ) announced today the pricing of a multi-currency notes offering to fund its Chevron deal. The company successfully secured a massive $2 billion offering, consisting of US$1500 million in 5 and 10 year USD notes and C$500 million in 7 year CAD notes. This offering is a crucial step in the completion of the Chevron deal, which will significantly expand CNQ's asset base and enhance its production capacity. The notes will have a fixed interest rate and are expected to provide attractive returns for investors. With this strategic move, CNQ is taking advantage of favorable market conditions and positioning itself for future growth and success. For more information and expert analysis on the movement of CNQ stock, it is recommended to consult professionals at Stocks Prognosis.
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