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CORRECTED-Kinder Morgan Canada launches preferred share offering

(Corrects to clarify the offering was for preferred shares, removes reference to premium)

Aug 3 (Reuters) - Pipeline operator Kinder Morgan Canada Ltd on Thursday announced a C$200 million ($159 million) preferred share offering for the completion of certain projects and to reduce debt.

The company said it would offer 8 million preferred shares at C$25 per share.

($1 = 1.2590 Canadian dollars) (Reporting by Ahmed Farhatha in Bengaluru; Editing by Martina D'Couto)