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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Arnie who wrote (9578)	3/18/1998 1:54:00 AM
From: Kerm Yerman	Respond to of 15196

FINANCING / PanCanadian Petroleum Issues $200M In Medium Term Notes CALGARY, March 17 /CNW/ - PanCanadian Petroleum Limited has issued $200 million in medium term notes in two tranches. The first tranche of five-year notes, for a total of $100 million, carries a coupon of 5.5 per cent and matures March 17, 2003. The second tranche of 10-year notes, for a total of $100 million, carries a coupon of 5.8 per cent and matures June 2, 2008. The proceeds will be used for general corporate purposes. The notes were issued under a shelf prospectus filed with Canadian regulatory authorities in September 1997. The notes have been rated A+ by the Canadian Bond Rating Service and AA by Dominion Bond Rating Service. The dealer group was led by RBC Dominion Securities Inc. and includes CIBC Wood Gundy Securities Inc., Nesbitt Burns Inc., ScotiaMcLeod Inc. and TD Securities Inc.