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TransCanada files short-form prospectus for offering of C$4.21B of subscription receipts

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TransCanada files short-form prospectus for offering of C$4.21B of subscription receipts

TransCanadaCorp. on March 28 filed its short-form prospectus for thepreviously announcedsale of 92,000,000 subscription receipts for C$4.21 billion.

Each subscription receipt will be automatically exchangedfor 1 TransCanada common share upon closing of the company's planned of Subscription receipt holders will also be entitled to dividend equivalentpayments.

The company has said it intended to grant underwriters a30-day overallotment option to purchase up to an additional 4,600,000subscription receipts. If exercised in full, TransCanada expects to receivegross proceeds of C$4.42 billion.

Gross proceeds will be held in escrow by Computershare TrustCo. of Canada. The offering is expected to close anywhere between April 1 andApril 6.

RBC Dominion Securities Inc., TD Securities Inc., BMONesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., National BankFinancial Inc., J.P. Morgan Securities Canada Inc., Wells Fargo SecuritiesCanada Ltd., Merrill Lynch Canada Inc., Citigroup Global Markets Canada Inc.,Credit Suisse Securities (Canada) Inc., Deutsche Bank Securities Inc., HSBCSecurities (Canada) Inc., FirstEnergy Capital Corp., Macquarie Capital MarketsCanada Ltd. and Peters & Co. Ltd. are serving as underwriters.