Long-term Debt |
The following table outlines the Company's outstanding long-term debt as at December 31, 2022:
| | | | | | | | | | | | | | | | | | | | | (in millions of Canadian dollars except percentages) | | Maturity | Currency in which payable | 2022 | 2021 | 5.100% | 10-year Medium Term Notes | (A) | Jan 2022 | CDN$ | — | | 125 | | 4.500% | 10-year Notes | (A) | Jan 2022 | U.S.$ | — | | 317 | | 4.450% | 12.5-year Notes | (A) | Mar 2023 | U.S.$ | 474 | | 444 | | 1.589% | 2-year Notes | (A) | Nov 2023 | CDN$ | 1,000 | | 1,000 | | 1.350% | 3-year Notes | (A) | Dec 2024 | U.S.$ | 2,030 | | 1,899 | | 2.900% | 10-year Notes | (A) | Feb 2025 | U.S.$ | 948 | | 887 | | 3.700% | 10.5-year Notes | (A) | Feb 2026 | U.S.$ | 338 | | 317 | | 1.750% | 5-year Notes | (A) | Dec 2026 | U.S.$ | 1,353 | | 1,266 | | 2.540% | 6.3-year Notes | (A) | Feb 2028 | CDN$ | 1,200 | | 1,200 | | 4.000% | 10-year Notes | (A) | Jun 2028 | U.S.$ | 677 | | 634 | | 3.150% | 10-year Notes | (A) | Mar 2029 | CDN$ | 399 | | 399 | | 2.050% | 10-year Notes | (A) | Mar 2030 | U.S.$ | 676 | | 633 | | 7.125% | 30-year Debentures | (A) | Oct 2031 | U.S.$ | 474 | | 444 | | 2.450% | 10-year Notes | (A) | Dec 2031 | U.S.$ | 1,896 | | 1,774 | | 5.750% | 30-year Debentures | (A) | Mar 2033 | U.S.$ | 333 | | 311 | | 4.800% | 20-year Notes | (A) | Sep 2035 | U.S.$ | 405 | | 379 | | 5.950% | 30-year Notes | (A) | May 2037 | U.S.$ | 603 | | 564 | | 6.450% | 30-year Notes | (A) | Nov 2039 | CDN$ | 400 | | 400 | | 3.000% | 20-year Notes | (A) | Dec 2041 | U.S.$ | 1,348 | | 1,261 | | 5.750% | 30-year Notes | (A) | Jan 2042 | U.S.$ | 334 | | 312 | | 4.800% | 30-year Notes | (A) | Aug 2045 | U.S.$ | 743 | | 695 | | 3.050% | 30-year Notes | (A) | Mar 2050 | CDN$ | 298 | | 298 | |
| | | | | | | | | | | | | | | | | | | | | 3.100% | 30-year Notes | (A) | Dec 2051 | U.S.$ | 2,422 | | 2,266 | | 6.125% | 100-year Notes | (A) | Sep 2115 | U.S.$ | 1,219 | | 1,141 | | 5.41% | Senior Secured Notes | (B) | Mar 2024 | U.S.$ | 76 | | 80 | | 6.91% | Secured Equipment Notes | (C) | Oct 2024 | CDN$ | 40 | | 58 | | Obligations under finance leases | | | | | Various | | (D) | Various | CDN$/U.S.$ | 2 | | 2 | | 6.99% | | (D) | Mar 2022 | U.S.$ | — | | 97 | | 6.57% | | (D) | Dec 2026 | U.S.$ | 29 | | 33 | | 12.77% | | (D) | Jan 2031 | CDN$ | 3 | | 4 | | 1.93% | | (D) | Feb 2041 | U.S.$ | 4 | | 4 | | Commercial Paper | | | Dec 2022 | U.S.$ | — | | 336 | | Term Credit Facility | | | Sep 2022 | U.S.$ | — | | 634 | | Demand Promissory Note | | | | CDN$ | — | | 6 | | | | | 19,724 | | 20,220 | | Perpetual 4% Consolidated Debenture Stock | (E) | | U.S.$ | 41 | | 38 | | Perpetual 4% Consolidated Debenture Stock | (E) | | G.B.£ | 6 | | 6 | | | | | 19,771 | | 20,264 | | Unamortized fees on long-term debt | | | (120) | | (137) | | | | | 19,651 | | 20,127 | | Less: Long-term debt maturing within one year | | | 1,510 | | 1,550 | | | | | $ | 18,141 | | $ | 18,577 | |
In 2021, the Company issued the following securities for total net proceeds of $10.7 billion to fund the cash consideration component of the KCS acquisition:
| | | | | | | | | | | | Date Issued | Description of Securities | Maturity | Net Proceeds | November 24, 2021 | $1.0 billion 1.589% Notes | Nov 2023 | $1.00 billion | | $1.2 billion 2.540% Notes | Feb 2028 | $1.20 billion | December 2, 2021 | U.S. $1.5 billion 1.350% Notes | Dec 2024 | $1.91 billion (U.S. $1.49 billion) | | U.S. $1.0 billion 1.750% Notes | Dec 2026 | $1.27 billion (U.S. $0.99 billion) | | U.S. $1.4 billion 2.450% Notes | Dec 2031 | $1.78 billion (U.S. $1.39 billion) | | U.S. $1.0 billion 3.000% Notes | Dec 2041 | $1.26 billion (U.S. $0.99 billion) | | U.S. $1.8 billion 3.100% Notes | Dec 2051 | $2.26 billion (U.S. $1.77 billion) |
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