Canadian National Railway (CNI) said late Thursday it launched a public offering of $300 million of 4.2% notes due 2031 and $400 million of 4.75% notes due 2035.
The company expects the offering to close Wednesday and plans to use the net proceeds for the repayment of $500 million of its 2.75% notes due March 2026 and for general corporate requirements.
Canadian National Railway said the offering is being made in the US.
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