Calgary-based TC Energy Corp. completes $7.15bn bond offering, refinancing Coastal GasLink pipeline project.

Calgary-based TC Energy Corp., behind the Coastal GasLink pipeline, completed the largest corporate bond offering in Canadian history at $7.15bn. The funds refinanced the $14.4bn Coastal GasLink project, one of the largest energy infrastructure projects in Canada. Despite facing construction hurdles and cost overruns, investor interest was strong, with the bond offering being 3.6 times oversubscribed, indicating high confidence in the project's success.