Canadian National Railway Company Pricing Term Sheet |
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Notes | Debentures | |||
Issuer: | Canadian National Railway Company |
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Security Type: |
5.80% Notes due June 1, 2016 | 6.20% Debentures due | ||
June 1, 2036 | ||||
Size: |
US$250,000,000 | US$450,000,000 | ||
Maturity: |
June 1, 2016 | June 1, 2036 | ||
Coupon: |
5.80% | 6.20% | ||
Price to Public: |
99.685% of face amount | 99.662% of face amount | ||
Yield to maturity: |
5.842% | 6.225% | ||
Spread to Benchmark
Treasury: |
+77bp | +97bp | ||
Benchmark Treasury: |
5.125% due 5/15/2016 | 5.375% due 2/15/2031 | ||
Benchmark Treasury
Price and Yield: |
100-13 5.072% | 101-20+ 5.255% | ||
Interest Payment Dates: |
June 1 and December 1, commencing December 1, 2006 | June 1 and December 1, commencing December 1, 2006 | ||
Redemption: |
At any time at a discount rate of Treasury plus 15 basis points | At any time at a discount rate of Treasury plus 20 basis points | ||
Trade Date: | May 23, 2006 |
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Settlement Date: | (T+5); May 31, 2006 |
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Ratings: | A3/A-/A(low) |
Underwriters: | Citigroup Global Markets Inc. J.P. Morgan Securities Inc. Banc of America Securities LLC Harris Nesbitt Corp. Scotia Capital (USA) Inc. BNP Paribas Securities Corp. RBC Capital Markets Corporation Wachovia Capital Markets, LLC |