Nov 14 (Reuters) - Transcanada Corp TRP.TO
* Transcanada announces preferred share issuance
* Transcanada Corp will issue 20 million cumulative redeemable minimum rate reset first preferred shares, series 15 at a price of $25.00 per share
* Net proceeds of offering will be used for general corporate purposes and to reduce short term indebtedness of Transcanada
* Holders of series 15 preferred shares will be entitled to receive fixed cumulative dividends at an annual rate of $1.2250 per share
* Series 15 preferred shares will yield 4.90 per cent per annum for initial fixed rate period ending May 31, 2022 Source text for Eikon: ID:nMKW8kPJXa Further company coverage: TRP.TO