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TransAlta announces offering of 10-year notes; pricing expected Tuesday
By Andrea Heisinger
Omaha, May 5 - TransAlta Corp. announced Monday it will price 10-year senior unsecured notes, market sources said.
Pricing is expected Tuesday, a source close to the issue said.
The notes (Baa2/BBB) have price talk of Treasuries plus 350 basis points. They feature a change-of-control put of 101% if the notes fall below an investment-grade rating.
HSBC Securities Inc. and Citigroup Global Markets Inc. are the bookrunners.
The electric energy company is based in Calgary, Alta.
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