India, June 6 -- Pembina Pipeline Corp. (PPL) has completed its previously announced $200 million offering of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2, maturing on June 6, 2055.
Proceeds from the offering will primarily fund the redemption of the company's outstanding Series 19 Class A Preferred Shares and support general corporate needs.
The Series 2 Notes were issued through a syndicate led by CIBC Capital Markets, BMO Capital Markets, and Scotiabank under Pembina's short-form base shelf prospectus dated December 13, 2023, and a supplement dated June 2, 2025.
Additionally, Pembina plans to launch a consent solicitation for holders of its $600 million Series 1 Notes due 2081. The proposal seeks to amend the existing indent...