11:05 AM EDT, 05/24/2024 (MT Newswires) -- Cameco ( CCJ ) said Friday it completed its offering of $500-million aggregate principal amount of 4.94% senior unsecured debentures, series I maturing on May 24, 2031.

The uranium producer said the debentures bear an interest rate of 4.94% per annum, payable semiannually in arrears on May 24 and Nov. 24 of each year, with the first interest payment due Nov. 24.

Cameco ( CCJ ) previously said that it will use the proceeds to retire all of its outstanding 4.19% senior unsecured debentures, series G maturing June 24.

Cameco ( CCJ ) shares were last seen up $1.58 to $72.68 on the Toronto Stock Exchange.

Price: 72.68, Change: +1.68, Percent Change: +2.37