OREANDA-NEWS. Suncor Energy reports it has agreed to issue CAD 750 million of senior unsecured Medium Term Notes maturing on November 26, 2021 (the "2021 Notes"). The 2021 Notes will have a coupon of 3.10% and were priced at USD 99.663 per note to yield 3.154%.

Suncor Energy intends to use the net proceeds from the sale of the 2021 Notes to replenish existing cash balances following the recent repayment of outstanding indebtedness. Such net proceeds will subsequently be used to fund Suncor Energy's capital program and for general corporate purposes.

The 2021 Notes will be issued under Suncor's short form base shelf prospectus dated June 11, 2014, and filed with securities regulatory authorities in Canada. The offering is expected to close on November 26, 2014.

CIBC, RBC Capital Markets, and TD Securities acted as joint bookrunners for the offering.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the 2021 Notes.