Suncor Energy announced yesterday, Thursday, November 9, 2023, that it has set the price of a senior unsecured note offering with an aggregate capital amount of $1.5 billion.

Suncor Energy's offering will consist of two slices. These will be Series 9 Medium Term Notes with a capital amount of $1.0 billion applicable on November 17, 2025, bearing interest at a rate of 5.60% and Series 10 Medium Term Notes with a capital amount of $500 million, possibly on November 17, 2026, bearing interest at a rate of 5.40% (together, the “Notes”). The offering will end on November 17, 2023, subject to customary closing conditions.

noted that the Notes are offered through a syndicate of dealers under the direction of CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc. pursuant to Suncor's simplified base prospectus dated May 25, 2022, and a related pricing supplement dated November 9