CN and Cameco offer 30-year notes

For those of you who are concerned that cross-border intra-group loans with a term of more than 10 years do not comply with the requirement under the transfer pricing rules for arm's length terms, you may be titillated to see that both CN and Cameco have issued 30-year notes: CN to US investors, and Cameco to Canadian investors.  These notes have a yield that is approximately 100 or 134 basis points higher, respectively, than the 10-year notes concurrently being offered by CN and Cameco.

Neal Armstrong.  Summaries of the offerings of 10- and 30-year notes under Prospectus Supplement for CN and Prospectus Supplement for Cameco under Offerings - Debentures.