Canadian National Railway (CNI -1.2%) dips after announcing a a two-tranche debt offering...

|About: Canadian National Railway C... (CNI)|By:, SA News Editor

Canadian National Railway (CNI -1.2%) dips after announcing a a two-tranche debt offering totaling $700M. The company plans to use the funds to repay all its outstanding commercial paper and partially finance its share-repurchase program. The offering's expected to close November 15.