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CU INC. ANNOUNCES DEBENTURE ISSUE

Newswire.ca - Wed Sep 4, 6:54PM CDT

CALGARY, AB, Sept. 4, 2024 /CNW/ - (TSX: CIU.PR.A) (TSX: CIU.PR.C)

CU Inc. announced today that it will issue $410,000,000 of 4.664% Debentures maturing on September 11, 2054, at a price of $100.00 to yield 4.664%. This issue was sold by RBC Capital Markets, BMO Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, ATB Capital Markets and MUFG. Proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness and for other general corporate purposes.

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