(Bloomberg) -- A C$1 billion ($737 million) bond deal to finance an Indigenous group’s purchase of a stake in a TC Energy Corp. natural gas pipeline system...
-- A C$1 billion bond deal to finance an Indigenous group’s purchase of a stake in a TC Energy Corp. natural gas pipeline system won’t close as planned on Monday.“The parties are not in a position to proceed with the closing in the bond financing on September 9,” Calgary-based TC Energy said in an emailed statement, responding to inquiries from Bloomberg News. “Any applicable update on the closing of the equity transaction will be provided when available.” It didn’t give a reason for the delay.
TC Energy announced in July that it would sell a 5.3% stake in its NGTL System and Foothills Pipeline assets to a consortium that includes as many as 72 Indigenous communities in western Canada. At the time, it said it expected the deal to close in the third quarter. Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed and irreversibility of digital asset transactions, the U.S. FBI said Monday. Cryptocurrencies like bitcoin and ether have become more popular as token prices have soared to new highs and as exchange-traded funds tracking their prices have hit the U.S. market this year.
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