|Canadian Natural Resources - CNQ.t is one of the largest independent crude oil and natural gas producers in the world. |
The company has a diversified combination of assets in North America, the North Sea and Offshore Africa with a mix of natural gas, light oil, heavy oil, in-situ oil sands production, oil sands mining and associated upgrading facilities.
Canadian Natural Resources Limited ("Canadian Natural" or the “Company”) announces that on August 9, 2016, it priced C$1.0 billion principal amount of 3.31% medium-term notes due February 11, 2022 at a price of C$99.985 per C$100 principal amount to yield 3.313% to maturity to be sold to investors in Canada. Net proceeds from the sale of the notes will be used for general corporate purposes relating to the Company’s core regions of operations. The Company may also use the net proceeds for repayment of indebtedness.