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TRANSCANADA PIPELINES TO ISSUE $150 MILLION DEBENTURES

 CALGARY, Alberta, Feb. 9 /PRNewswire/ -- TransCanada PipeLines Ltd. (Toronto, Montreal, Calgary, Vancouver: TRP) announced today that it has agreed to sell, to an underwriting group led by Nesbitt Thomson Inc., $150 million of 9.45 percent Series W unsecured debentures due 2018, for resale to the public in Canada.
 Proceeds from the issue will be used to repay short-term indebtedness and commercial paper which was incurred by the company for general corporate purposes including financing a portion of its utility construction programs and investing in associated pipelines and projects.
 The underwriting group consists of Nesbitt Thomson Inc., Burns Fry Ltd., RBC Dominion Securities Inc., ScotiaMcLeod Inc. and Wood Gundy Inc.
 -0- 2/9/93
 /CONTACT: Frank Dabbs, TransCanada PipeLines, 403-267-8525/
 (TRP.)


CO: TransCanada PipeLines Ltd. ST: Alberta IN: OIL SU:

MS -- LA036 -- 4920 02/09/93 19:48 EST
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Publication:PR Newswire
Date:Feb 9, 1993
Words:139
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