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CS - MEG refinances with a $1.6B bond placement in US & Canada - January 2020
The normally sleepy corporate bond market for Canadian oil companies woke up for the first time in 2020 with MEG Energy Corp.’s offering of US$1.2 billion ($1.6 billion) aggregate principal amount of 7.125% senior unsecured notes due 2027. The seven-year notes were upsized from an earlier contemplated US$800 million offering. MEG said the notes were offered only to institutional buyers in the US under Rule 144A and outside the US in accordance with Regulation......
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