TransCanada $450 million preferred share issue

January 20, 2014

Client: Scotiabank

On January 20, 2014, TransCanada Corporation announced that it had completed its public offering of cumulative redeemable first preferred shares, series 9 (the Series 9 Preferred Shares). TransCanada issued 18 million Series 9 Preferred Shares for aggregate gross proceeds of $450 million through a syndicate of underwriters co-led by Scotiabank, BMO Capital Markets and RBC Capital Markets.

Norton Rose Fulbright represented the underwriters, with a team led by Don Tse and included Chris Wolfenberg, Dion Legge and Jason Giborski.