Coastal GasLink Bond Sale to Reach a Record C$7.1 Billion
- Deal funding Canada pipeline project slated to price Tuesday
- Offering includes bonds maturing between 2027 and 2049
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Coastal GasLink LP, a pipeline project in Western Canada, is selling C$7.1 billion ($5.21 billion) of notes in what is set to be the largest loonie-denominated corporate bond deal ever.
Investors placed more than C$20 billion of orders for a bond offering previously expected to be at least $5 billion, according to people familiar with the matter, who declined to be identified as they’re not authorized to speak about the transaction.