CGI (GIB) priced an offering of 500 million Canadian dollars ($362.1 million) in aggregate principal amount of senior unsecured notes in Canada, the company said Wednesday.

The offering comprises CA$250 million of 3.25-year notes carrying a 4.195% annual interest rate and CA$250 million of 4.75-year notes carrying a 4.484% annual interest rate, according to the company.

Net proceeds are expected to be approximately CA$497.3 million after agents' fees and estimated offering expenses, the company said.

CGI expects to close the private placement on or about Sept. 14, and said proceeds will be used to repay debt and for general corporate purposes.