TransCanada PipeLines Ltd., a subsidiary of Calgary-based TransCanada Corp. yesterday completed a $2-billion (U.S.) debt financing, which the company will use to fund new pipelines and pay off existing debt. Of the $2-billion, $750-million was issued in 10-year senior notes at a yield of 7.125 per cent, and $1.25-billion in 30-year bonds paying 7.625 per cent. TransCanada is currently building the mammoth $5.8-billion Keystone Pipeline that will take crude from the oil sands to markets in the U.S. South. TRP (TSX) fell 40 cents to $33.40.
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