TransCanada closes preferred share issuance
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
TransCanada Corporation (TransCanada) has recently announced that it has completed its public offering of cumulative redeemable minimum rate reset first preferred shares, series 15 (the series 15 preferred shares).
TransCanada issued 40 million series 15 preferred shares for aggregate gross proceeds of CAN$1.0 billion through a syndicate of underwriters co-led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc.
The net proceeds of the offering will be used for general corporate purposes and to reduce short term indebtedness of TransCanada and its affiliates.
The series 15 preferred shares will begin trading today on the TSX under the symbol TRP.PR.K.
Read the article online at: https://www.worldpipelines.com/business-news/22112016/transcanada-closes-preferred-share-issuance/
You might also like
The World Pipelines Podcast - "Fight while wounded": how pipelines can stay resilient amid cyber threats
A conversation about how the energy and pipeline sectors can build cyber resilience in an era of growing complexity and connection. Featuring Ross Brewer, Vice President and Managing Director of EMEA at Graylog.
Tune in to the World Pipelines Podcast on your favourite podcast app today.
