|
Notes
|
Debentures
|
||
|
Issuer:
|
Canadian
National Railway Company
|
||
|
Security
Type:
|
5.850%
Notes due November 15, 2017
|
6.375%
Debentures due November 15, 2037
|
|
|
Size:
|
US$250,000,000
|
US$300,000,000
|
|
|
Maturity:
|
November
15, 2017
|
November
15, 2037
|
|
|
Coupon:
|
5.850%
per annum, accruing from September 24, 2007
|
6.375%
per annum, accruing from September 24, 2007
|
|
|
Price
to Public:
|
99.683%
of face amount
|
99.743%
of face amount
|
|
|
Yield
to maturity:
|
5.890%
|
6.393%
|
|
|
Spread
to Benchmark Treasury:
|
+135
bp
|
+155
bp
|
|
|
Benchmark
Treasury:
|
4.750%
due August 15, 2017
|
4.750%
due February 15, 2037
|
|
|
Benchmark
Treasury Price and Yield:
|
101-21 4.540%
|
98-17+ 4.843%
|
|
|
Interest
Payment Dates:
|
November
15 and May 15, commencing May 15, 2008
|
November
15 and May 15, commencing May 15, 2008
|
|
|
Redemption:
|
At
any time at a discount rate of Treasury plus 25 basis
points
|
At
any time at a discount rate of Treasury plus 30 basis
points
|
|
|
Trade
Date:
|
September
19, 2007
|
||
|
Settlement
Date:
|
(T+3);
September 24, 2007
|
||
|
Ratings:
|
A3/A-/A(low)
|
||
|
Underwriters:
|
Citigroup
Global Markets Inc.
J.P.
Morgan Securities Inc.
BMO
Capital Markets Corp.
Banc
of America Securities LLC
Scotia
Capital (USA) Inc.
BNP
Paribas Securities Corp.
Wachovia
Capital Markets, LLC
RBC
Capital Markets Corporation
|
||