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TransCanada’s massive financing set for Canadian record on heavy demand Add to ...

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Only Barrick Gold Corp. has ever raised more money in a single shot -- and that record isn't likely to last long.

To help fund its acquisition of Columbia Pipeline Group, TransCanada Corp. is raising $4.2-billion by way of a bought deal, making it the second largest financing of this type in Canadian history. Barrick raised $4.33-billion in September, 2009, to unwind its hedge book.

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