Cenovus Energy (TSX: CVE) raised $1.25 billion in debt financing today. Here were the relevant terms: TRANCHE 1 AMT $500 MLN COUPON 3 PCT MATURITY 8/15/2022 TYPE NTS ISS PRICE 99.129 FIRST PAY 2/15/2013 MOODY’S Baa2 YIELD 3.102 PCT SETTLEMENT 8/17/2012 S&P BBB-PLUS SPREAD 137.5 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE … Continue reading Raising cheap debt capital