Transcanada Pipelines Ltd., founded in 1951 and headquartered in Calgary, Alberta, is a leading energy infrastructure company dedicated to the development and operation of natural gas transmission and storage systems across North America. The company owns and operates an extensive network of pipelines that transport natural gas to various markets, significantly contributing to energy supply and reliability in Canada and the United States.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Transcanada Pipelines Ltd. has a robust history of bond issuances that dates back to its early years, strengthening its financial position for strategic projects and infrastructure development. Notably, in 2018, the company issued a significant US$1.5 billion bond to finance the construction of the Coastal GasLink pipeline, reflecting its commitment to expanding energy access. Currently, the company's bond yields remain competitive within the industry, providing investors with attractive income opportunities, particularly amid fluctuating interest rates. Special features of its bonds often include callable options, enhancing their appeal to a diverse set of investors.