Canadian Pacific Railway Ltd. (CP, CP.TO) said its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing C$400 million of 6.45% Notes due November 17, 2039. The transaction is expected to close November 17, 2009. The net proceeds from the offering of approximately C$398 million would be used for general corporate purposes which may include the funding of pension plan obligations as well as the reduction and restructuring of indebtedness.
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