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TRANSCANADA TO ISSUE US $200 MILLION DEBENTURES

TRANSCANADA TO ISSUE US $200 MILLION DEBENTURES
    CALGARY, Oct. 01 /CNW/ - TransCanada PipeLines Limited announced today that it has concluded an underwriting agreement for the issuance of US $200 million of debentures at 8 - 1/2 percent per annum to mature March 20, 2023. The issue of debentures is priced at 99.776 for delivery on or about October 7, 1992.
    Proceeds from the issue will be used to finance a portion of the Company's utility construction programs.
    The underwriting group consists of Morgan Stanley & Co. Incorporated, The First Boston Corporation, Goldman, Sachs & Co. and Salomon Brothers Inc.
    For further information: Frank Dabbs, TransCanada PipeLines Limited, (403) 267-8525
    (TRP.)
    -0-             10/01/92


CO: TRANSCANADA PIPELINES LIMITED IN: OIL ST: -- c0022 -- X981 10/01/92
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Publication:PR Newswire
Date:Oct 1, 1992
Words:125
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