PIPELINES / TransCanada PipeLines Ltd. Closes $469 Million Preferred
Offering
CALGARY, Oct. 2 /CNW/ - TransCanada PipeLines Limited today announced it
has closed the offering of its 8.25% Preferred Securities due October 1, 2047.
The total offering was increased to US$460 million after the underwriting
group exercised its over-allotment option to purchase US$60,000,000 of
additional Preferred Securities.
Managers of the underwriting group were Merrill Lynch & Co., Salomon
Smith Barney Inc., Morgan Stanley Dean Witter, PaineWebber Incorporated and
Prudential Securities Incorporated.
TransCanada is a leading North American energy services company with
businesses in transmission, marketing and processing. The company, through
its Cdn$21 billion asset base, provides high value-added energy service
solutions to the North American and international marketplace. Common shares
trade under the symbol TRP, primarily on the Toronto, Montréal and New York
stock exchanges. |
