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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 8/30/2011 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Canadian Pacific Railway to redeem $101.4 million 5.75% notes due 2013

By Toni Weeks

San Diego, Aug. 30 - Canadian Pacific Railway Ltd. said that its wholly owned subsidiary, Canadian Pacific Railway Co., intends to fully redeem its $101.4 million of 5.75% notes due May 15, 2013 on Sept. 30.

The redemption price will be determined on Sept. 27.

The redemption is expected to reduce diluted earnings per share by four cents in the third quarter of 2011.

The Bank of New York is the trustee and paying agent.

The railway is based in Calgary, Alta.


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