CN announced a public debt offering of C$500 million 3.500% Notes due 2030, and C$500 million 4.200% Notes Due 2035. CN expects to close the offering on June 10, 2025, subject to customary closing conditions.
CN plans to use the net proceeds from the offering for general corporate purposes, which may include the redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions and other business opportunities.
The debt offering is being made in Canada under CN’s base shelf prospectus dated April 2, 2024.
Gulftainer (GT) has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor—a landmark 150-hectare regional powerhouse with annual capacity of 1.5 million TEUs.
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