Canadian Natural Resources (CNQ) said late Tuesday it priced a private placement of $1.5 billion amount of US dollar-denominated notes and CA$500 million ($355.6 million) Canadian-dollar denominated notes.

The company is offering $750 million amount of 5% five-year notes due 2029 at $99.968 per note, and $750 million of 5.4% 10-year notes due 2034 at $99.837 per note to eligible institutional buyers in the US and to investors outside of the US, including in Canada.

The company is also offering CA$500 million of 4.15% seven-year notes due 2031 at CA$99.836 per note to certain Canadian investors on a private placement basis.

Net proceeds will be used for debt repayments and general corporate purposes, the company said.

Closing of the offering is expected to occur on Dec. 6, subject to customary closing conditions.