/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
CALGARY, Aug. 24 /CNW/ - Canadian Oil Sands Trust announced that its wholly-owned subsidiary, Canadian Oil Sands Limited, successfully closed an offering of U.S. $250 million Senior Notes maturing September 1, 2021. These Senior Notes have a coupon rate of 7.9% priced to investors at 99.825% of the par amount.
The net proceeds of the offering will be advanced to Canadian Oil Sands Investments Inc. and Athabasca Oil Sands Investments Inc. to fund a portion of their pro rata share (21.74%) of the approximately $4.1 billion expansion of the Syncrude Project.
This media release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The Senior Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States except pursuant to available exemptions from registration.
Canadian Oil Sands Trust
PO Box 2850
150 - 9th Avenue S.W.
Calgary, Alberta T2P 2S5
Canada
Shares Listed - COS.UN
The Toronto Stock Exchange -30- For further information: Robert W. Fotheringham, Chief Financial
Officer, (403) 290-3332;
To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw.
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