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TransCanada PipeLines files to sell up to $6B of debt securities

TransCanada Corp. subsidiary TransCanada PipeLines Ltd. registered up to $6 billion of unsecured debt securities to be sold in one or more offerings by the company from time to time, according to a Dec. 4 filing.

Specific terms on the debt securities, such as maturity, offering price and interest rate would be issued in future shelf prospectus supplements. Net proceeds from any sale of the securities would be used to repay debt and fund TransCanada PipeLines' long-term investment program.