ENB.PR.P Closes Soft on Good Volume

Enbridge Inc. has announced:

it has closed its previously announced public offering of Cumulative Redeemable Preference shares, Series P (the “Series P Preferred Shares”) by a syndicate of underwriters led by TD Securities Inc., CIBC World Markets, RBC Capital Markets and Scotiabank. Enbridge issued 16 million Series P Preferred Shares for gross proceeds of $400 million. The Series P Preferred Shares will begin trading on the TSX today under the symbol ENB.PR.P. The net proceeds will be used to partially fund capital projects, to reduce short term indebtedness and for other general corporate purposes.

ENB.PR.P is a FixedReset, 4.00%+250, announced September 4. It will be tracked by HIMIPref™ and assigned to the FixedReset index.

The issue traded 567,120 shares today in a range of 24.84-90 before closing at 24.88-91, 246×50. Vital statistics are:

ENB.PR.P FixedReset YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-09-13
Maturity Price : 23.05
Evaluated at bid price : 24.88
Bid-YTW : 3.81 %

This entry was posted on Friday, September 14th, 2012 at 2:00 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

13 Responses to “ENB.PR.P Closes Soft on Good Volume”

  1. September 13, 2012 « PrefBlog says:
    September 14, 2012 at 2:19 am

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « ENB.PR.P Closes Soft on Good Volume […]

  2. September 14, 2012 « PrefBlog says:
    September 14, 2012 at 11:49 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-14 Maturity Price : 23.07 Evaluated at bid price : 24.92 Bid-YTW : 3.86 % […]

  3. September 17, 2012 « PrefBlog says:
    September 18, 2012 at 1:47 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-17 Maturity Price : 23.07 Evaluated at bid price : 24.92 Bid-YTW : 3.86 % […]

  4. September 18, 2012 « PrefBlog says:
    September 19, 2012 at 2:07 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-18 Maturity Price : 23.07 Evaluated at bid price : 24.93 Bid-YTW : 3.86 % […]

  5. September 19, 2012 « PrefBlog says:
    September 20, 2012 at 1:22 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-19 Maturity Price : 23.08 Evaluated at bid price : 24.96 Bid-YTW : 3.85 % […]

  6. September 20, 2012 « PrefBlog says:
    September 21, 2012 at 12:55 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-20 Maturity Price : 23.08 Evaluated at bid price : 24.97 Bid-YTW : 3.85 % […]

  7. September 21, 2012 « PrefBlog says:
    September 22, 2012 at 2:46 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-21 Maturity Price : 23.08 Evaluated at bid price : 24.97 Bid-YTW : 3.85 % […]

  8. September 24, 2012 « PrefBlog says:
    September 25, 2012 at 12:54 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-24 Maturity Price : 23.09 Evaluated at bid price : 24.98 Bid-YTW : 3.77 % […]

  9. September 25, 2012 « PrefBlog says:
    September 26, 2012 at 9:45 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-25 Maturity Price : 23.09 Evaluated at bid price : 25.00 Bid-YTW : 3.76 % […]

  10. September 26, 2012 « PrefBlog says:
    September 26, 2012 at 11:07 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-26 Maturity Price : 23.12 Evaluated at bid price : 25.08 Bid-YTW : 3.75 % […]

  11. September 28, 2012 « PrefBlog says:
    September 28, 2012 at 10:39 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-09-28 Maturity Price : 23.11 Evaluated at bid price : 25.06 Bid-YTW : 3.75 % […]

  12. October 1, 2012 « PrefBlog says:
    October 2, 2012 at 3:32 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-10-01 Maturity Price : 23.11 Evaluated at bid price : 25.05 Bid-YTW : 3.71 % […]

  13. October 4, 2012 « PrefBlog says:
    October 5, 2012 at 1:08 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-10-04 Maturity Price : 23.14 Evaluated at bid price : 25.15 Bid-YTW : 3.69 % […]

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