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TC Energy announces closing of US$800 million subordinated notes offering by TransCanada Trust

Published by , Editorial Assistant
World Pipelines,

TC Energy Corp. (‘TC Energy’ or ‘the Company’) today announced that TransCanada Trust (the Trust), a wholly-owned financing trust subsidiary of TransCanada PipeLines Limited (TCPL), has closed an offering of US$800 million of 5.6% subordinated Trust Notes, Series 2022-A due 7 March 2082 (‘Trust Notes’), guaranteed on a subordinated basis by TCPL.

The Trust Notes were offered through a syndicate of underwriters, co-led by Deutsche Bank Securities Inc. and MUFG Securities Americas Inc., under the Trust's short form base shelf prospectus dated 26 February 2021, as supplemented by a prospectus supplement dated 2 March 2022.

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