Cameco closes debentures sale (July 23, 2001)

Cameco (CCO-T), the world’s largest uranium supplier, has completed the sale of $50 million worth of Series B 7% debentures, which are due July 6, 2006.

The debentures have received a rating of A (low) by the Dominion Bond Rating Service, A-minus by Standard & Poor’s Rating Service, and A3 by Moody’s Investors Service.

The $49.6 million in proceeds will be used to repay short-term debt as it matures.

The sale does not represent additional indebtedness.