-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MJus/JM8UkK/m2Kn2l7J+wFKMZBTXPnvA1NwS55NNXe+Xake9jEXDqUkeYjTe6fu BP42/t/rsT2H4fPKc+fZoQ== 0001047469-09-000055.txt : 20090106 0001047469-09-000055.hdr.sgml : 20090106 20090106172350 ACCESSION NUMBER: 0001047469-09-000055 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090106 DATE AS OF CHANGE: 20090106 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCANADA PIPELINES LTD CENTRAL INDEX KEY: 0000099070 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522179728 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-154961 FILM NUMBER: 09510974 BUSINESS ADDRESS: STREET 1: 450 -1ST STREET SW STREET 2: P O BOX 1000 STATION M CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 BUSINESS PHONE: 4039207669 MAIL ADDRESS: STREET 1: 450 I STREET SW CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCANADA PIPELINES LTD CENTRAL INDEX KEY: 0000099070 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522179728 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 450 -1ST STREET SW STREET 2: P O BOX 1000 STATION M CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 BUSINESS PHONE: 4039207669 MAIL ADDRESS: STREET 1: 450 I STREET SW CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 FWP 1 a2189932zfwp.htm FWP
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Filed Pursuant to Rule 433
Registration No. 333-154961
January 6, 2009


U.S.$750,000,000
TransCanada PipeLines Limited

7.125% Senior Notes due 2019



Issuer:

 

TransCanada PipeLines Limited

Security:
 
7.125% Senior Notes due 2019

Size:
 
U.S.$750,000,000

Maturity Date:
 
January 15, 2019

Coupon:
 
7.125%

Interest Payment Dates:
 
January 15 and July 15, commencing July 15, 2009

Price to Public:
 
99.977%

Benchmark Treasury:
 
3.750% due November 15, 2018

Benchmark Treasury Yield:
 
2.528%

Spread to Benchmark Treasury:
 
+460 bp

Yield:
 
7.128%

Make-Whole Call:
 
At any time at the greater of par or a discount rate of Treasury plus 50 basis points

Trade Date:
 
January 6, 2009

Settlement Date:
 
January 9, 2009

CUSIP:
 
8935268Y2

ISIN:
 
US8935268Y20

Anticipated Ratings:
 
A3 by Moody's Investors Service, Inc.
A- by Standard & Poor's Ratings Services
A by DBRS Limited

Joint Bookrunners:
 
Citigroup Global Markets Inc.
HSBC Securities (USA) Inc.

Co-Managers:
 
Deutsche Bank Securities Inc.
J.P. Morgan Securities Inc.
Mitsubishi UFJ Securities International plc
Mizuho Securities USA Inc.
SG Americas Securities, LLC

Outstanding Debt:   As at September 30, 2008, the long-term debt (excluding guarantees and intercompany obligations between us and our subsidiaries) of our wholly owned subsidiaries totaled approximately $3.6 billion. At September 30, 2008, as determined under Canadian GAAP, our total consolidated long-term debt, junior subordinated notes and long-term debt due within one year was, in aggregate principal amount, approximately $15.9 billion (excluding our proportionate share of long-term debt of joint ventures).

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.

You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll free at (877) 858-5407 or HSBC Securities (USA) Inc. toll free at (866) 811-8049.

Filed Pursuant to Rule 433
Registration No. 333-154961
January 6, 2009


U.S.$1,250,000,000
TransCanada PipeLines Limited

7.625% Senior Notes due 2039



Issuer:

 

TransCanada PipeLines Limited

Security:
 
7.625% Senior Notes due 2039

Size:
 
U.S.$1,250,000,000

Maturity Date:
 
January 15, 2039

Coupon:
 
7.625%

Interest Payment Dates:
 
January 15 and July 15, commencing July 15, 2009

Price to Public:
 
99.148%

Benchmark Treasury:
 
4.375% due February 15, 2038

Benchmark Treasury Yield:
 
3.098%

Spread to Benchmark Treasury:
 
+460 bp

Yield:
 
7.698%

Make-Whole Call:
 
At any time at the greater of par or a discount rate of Treasury plus 50 basis points

Trade Date:
 
January 6, 2009

Expected Settlement Date:
 
January 9, 2009

CUSIP:
 
8935268Z9

ISIN:
 
US8935268Z94

Anticipated Ratings:
 
A3 by Moody's Investors Service, Inc.
A- by Standard & Poor's Ratings Services
A by DBRS Limited

Joint Bookrunners:
 
Citigroup Global Markets Inc.
HSBC Securities (USA) Inc.

Co-Managers:
 
Deutsche Bank Securities Inc.
J.P. Morgan Securities Inc.
Mitsubishi UFJ Securities International plc
Mizuho Securities USA Inc.
SG Americas Securities, LLC

Outstanding Debt:   As at September 30, 2008, the long-term debt (excluding guarantees and intercompany obligations between us and our subsidiaries) of our wholly owned subsidiaries totaled approximately $3.6 billion. At September 30, 2008, as determined under Canadian GAAP, our total consolidated long-term debt, junior subordinated notes and long-term debt due within one year was, in aggregate principal amount, approximately $15.9 billion (excluding our proportionate share of long-term debt of joint ventures).

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.

You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll free at (877) 858-5407 or HSBC Securities (USA) Inc. toll free at (866) 811-8049.



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U.S.$750,000,000 TransCanada PipeLines Limited 7.125% Senior Notes due 2019
U.S.$1,250,000,000 TransCanada PipeLines Limited 7.625% Senior Notes due 2039
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