|
4.95%
Notes
|
5.55%
Notes
|
|||
|
Issuer:
|
Canadian
National Railway Company
|
|||
|
Security
Type:
|
4.95%
Notes due 2014
|
5.55%
Notes due 2018
|
||
|
Size:
|
US$325,000,000
|
US$325,000,000
|
||
|
Maturity:
|
January
15, 2014
|
May
15, 2018
|
||
|
Coupon:
|
4.95%
per annum, accruing from May 1, 2008
|
5.55%
per annum, accruing from May 1, 2008
|
||
|
Price
to Public:
|
99.571%
of face amount
|
99.564%
of face amount
|
||
|
Yield
to maturity:
|
5.039%
|
5.607%
|
||
|
Spread
to Benchmark Treasury:
|
+193
bp
|
+178
bp
|
||
|
Benchmark
Treasury:
|
2.500%
due March 31, 2013
|
3.500%
due February 15, 2018
|
||
|
Benchmark
Treasury Price and Yield:
|
97-7+ 3.109%
|
97-11
3.827%
|
||
|
Interest
Payment Dates:
|
January
15 and July 15, commencing July 15, 2008
|
May
15 and November 15, commencing November 15, 2008
|
||
|
Redemption:
|
At
any time at a discount rate of Treasury plus 30 basis
points
|
At
any time at a discount rate of Treasury plus 30 basis
points
|
||
|
Trade
Date:
|
April
24, 2008
|
|||
|
Settlement
Date:
|
(T+5);
May 1, 2008
|
|||
|
Ratings:
|
A3
/A- /A (low)
|
|||
|
Underwriters:
|
Banc
of America Securities LLC
Wachovia
Capital Markets, LLC
BMO
Capital Markets Corp.
BNP
Paribas Securities Corp.
Citigroup
Global Markets Inc.
J.P.
Morgan Securities Inc.
RBC
Capital Markets Corporation
Scotia
Capital (USA) Inc.
|
|||