Cameco Corporation completes C$500 million bought deal offering of debentures

Date Closed: 09/02/2009

Value: C$500 million

On September 2, 2009, Cameco Corporation completed a bought deal public offering of $500 million aggregate principal amount 5.67% Senior Unsecured Debentures, Series D. The offering was effected through Cameco's $1 billion shelf prospectus which it had cleared in mid August. Cameco intends to use the net proceeds of the offering to refinance existing indebtedness and for general corporate purposes.

The debentures were sold through a syndicate of underwriters co-led by RBC Dominion Securities Inc. and Scotia Capital Inc. and that included National Bank Financial Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., and Merrill Lynch Canada Inc.

The underwriters were represented by BLG with a team led by Paul Mingay (corporate and securities) and that included Fred Pletcher, Dyana McLellan, Shannon Webber, Shaunik Katyal and Vanessa McMinn (corporate and securities), Rick Coburn and Christina Vechsler (environmental) and Craig Webster (tax).