| Note/coupon | First name | Adulthood | Price per note | Yield to maturity |
| 3 years / 3.30% | $550,000,000 | December 8, 2028 | €99,887 | 3.340% |
| 5 years / 3.75% | $550,000,000 | February 8, 2031 | €99,781 | 3.798% |
| 10 years / 4.55% | $550,000,000 | February 8, 2036 | €99,700 | 4.588% |
CIBC Capital Markets, TD Securities Inc. and Scotia Capital Inc. acted as joint lead agents and joint bookrunners for the offering of the Notes. BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. acted as co-managers and Merrill Lynch Canada Inc., Mizuho Securities Canada Inc., ATB Securities Inc., SMBC Nikko Securities Canada Ltd. and Desjardins Securities Inc. acted as co-agents for the offering of the Notes.
The net proceeds received by Canadian Natural from the issuance and sale of the Notes will be used for general corporate purposes. Canadian Natural may also use the proceeds to repay debt. The net proceeds that are not immediately used may be invested in short-term marketable securities. The Notes are issued under the Company’s Canadian base prospectus dated August 28, 2025, which permits the issuance of debt securities in an aggregate principal amount of up to C$3.0 billion. The offering is expected to close on December 8, 2025, subject to customary closing conditions. The summary base prospectus and the pricing supplement relating to the Notes contain important detailed information about the Notes. Copies of these documents, and in the case of the price supplement, are available electronically on SEDAR+ at www.sedarplus.ca.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Canadian Natural is a senior crude oil and natural gas production company, with continued operations in core areas of Western Canada, the UK North Sea and Offshore Africa.
Certain information about the company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied by the forward-looking statements. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable securities laws. For detailed forward-looking statements and comments regarding non-GAAP and other financial measures, please see our website at www.cnrl.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277010
#Canadian #Natural #Resources #Limited #Pricing #C1650 #Million #Year #Medium #Term #Bonds