Bond TransCanada Pipeline 7.06% ( CA89352LAC42 ) in USD

Issuer TransCanada Pipeline
Market price 100 %  ▼ 
Country  Canada
ISIN code  CA89352LAC42 ( in USD )
Interest rate 7.06% per year ( payment 2 times a year)
Maturity 14/10/2025 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount 1 000 USD
Total amount 293 000 000 USD
Cusip 89352LAC4
Standard & Poor's ( S&P ) rating BBB+ ( Lower medium grade - Investment-grade )
Moody's rating Baa1 ( Lower medium grade - Investment-grade )
Detailed description TransCanada PipeLines was a major North American energy infrastructure company primarily involved in the development and operation of natural gas and crude oil pipelines, which later rebranded as TC Energy Corporation.

This detailed financial overview pertains to a bond issued by TransCanada PipeLines, a significant North American energy infrastructure company now known as TC Energy Corporation, headquartered in Calgary, Alberta, Canada, which primarily develops and operates natural gas pipelines, oil pipelines, and power generation facilities across Canada, the United States, and Mexico, playing a crucial role in continental energy transportation. Identified by the ISIN CA89352LAC42 and CUSIP 89352LAC4, this particular bond, issued out of Canada, is denominated in US Dollars (USD) and offers a fixed annual interest rate of 7.06%, with interest payments disbursed semi-annually. The total issuance size for this instrument amounts to $293,000,000, featuring a minimum purchase threshold of $1,000, thereby accommodating various investor profiles, and it is currently observed to be trading at 100% of its face value in the market. The bond is set to mature on October 14, 2025, providing a defined return period for investors, and its credit quality is affirmed by investment-grade ratings from major agencies, specifically BBB+ from Standard & Poor's and Baa1 from Moody's, indicating a stable outlook and relatively low credit risk associated with the issuer's robust operational capabilities and financial standing within the energy sector.