TC Energy announces closing of US$800 million subordinated notes offering by TransCanada Trust
Published by Sara Simper,
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.
Read the article online at: https://www.worldpipelines.com/business-news/07032022/tc-energy-announces-closing-of-us-us800-million-subordinated-notes-offering-by-transcanada-trust/
You might also like
World Pipelines Podcast: All things Canada, with the PLCAC
Elizabeth Corner speaks to Kevin O’Donnell, Executive Director of the PLCAC, about how membership organisations benefit the pipeline sector and those who work in it, discussing events, networking, resources, training, skills development, and learning.
Staying grounded
Essam Arfaj, Bader Jarallah, and Mohanned Tarabzouni, Aramco, Saudi Arabia, weigh in on the debate between installing pipeline valves above-ground, underground, or in a valve box.
