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Prospect News home > News index > List of issuers T > Headlines for TransCanada Pipelines Ltd. > News item
Published on 11/9/2011 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS: TransCanada notes A

DBRS said it assigned a rating of A with a stable trend to TransCanada Pipelines Ltd.'s proposed C$500 million 3.65% unsecured medium-term notes due Nov. 15, 2021 and proposed C$250 million 4.55% unsecured medium-term notes due Nov. 15, 2041.

The new debt will rank equally, except as to sinking funds, with all of the company's existing and future senior unsecured debt.

The proceeds will be used to repay indebtedness and for general corporate purposes, DBRS said.


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