– By Abby Gessner –
Cameco Completes Bought Deal Offering of 5.67% Senior Unsecured Debentures, Series D
Cameco Corporation has announced that it has completed its previously announced public offering of $500 million principal amount 5.67% Senior Unsecured Debentures, Series D.
The debentures were sold to a syndicate of underwriters, comprised of RBC Capital Markets, Scotia Capital, National Bank Financial, BMO Nesbitt Burns, CIBC World Markets, HSBC Securities (Canada), TD Securities, BNP Paribas (Canada) Securities, and Merrill Lynch Canada on a bought deal basis for sale to the public in Canada. The debentures bear interest at a rate of 5.67% per annum, payable semi-annually on March 2 and September 2 commencing on March 2, 2010, and are due on September 2, 2019.
Cameco intends to use the net proceeds of the offering to refinance existing indebtedness and for general corporate purposes.
Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world's largest uranium producers. The company's uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.