THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH ANY SERVICE WITH DISTRIBUTION IN THE UNITED STATES
CALGARY, Aug. 17 /CNW/ - Canadian Oil Sands announces that its wholly owned subsidiary, Canadian Oil Sands Limited, has priced an offering of US$250 million Senior Notes to be sold pursuant to Rule 144A of the United States Securities Act of 1933. With an anticipated closing date of August 24, 2001, the bonds will carry an annual coupon of 7.90%, payable March 1 and September 1, and will mature September 1, 2021. The Senior Notes have been rated BBB+ by Standard & Poor's and Baa2 by Moody's Investor Services. The net proceeds will be used to fund Canadian Oil Sands' share of the $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 Investments Inc.
P.O. Box 2850
150 - 9 Avenue S.W.
Calgary, AB T2P 2S5
Canada
Units Listed - Symbol: COS.UN -30- For further information: Robert W. Fotheringham, Chief Financial
Officer, (403) 290-3332, Website: www.canadianoilsandstrust.com;
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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