11:41 AM EST - TransCanada Corp. : announced that it has completed its public offering of common shares. The offering was announced on June 16 when TransCanada entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets, BMO Capital Markets and TD Securities Inc. under which they agreed to purchase from TransCanada and sell to the public 50.80 million common shares. The purchase price of $31.50 per common share resulted in gross proceeds of about $1.6 billion. The net proceeds of the offering will be used by TransCanada to partially fund capital projects of the Corporation, including the acquisition of an additional interest in the Keystone Pipeline System, for general corporate purposes and to repay short-term indebtedness. TransCanada Corp.
shares T.TRP are trading up $0.39 at $30.88.
