Enbridge Inc. has announced:
it has closed its previously announced public offering of Cumulative Redeemable Preference shares, Series L (the “Series L Preferred Shares”) by a syndicate of underwriters led by Scotiabank, RBC Capital Markets, & TD Securities Inc. Enbridge issued 16 million Series L Preferred Shares for gross proceeds of US$400 million. The Series L Preferred Shares will begin trading on the TSX today under the symbol ENB.PF.U. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.
ENB.PF.U is a FixedReset, US Pay, 4.00%+315, announced May 11. The issue traded 761,310 shares in a range of 24.80-95 before closing at 24.87-90, 20×15.
The issue will not be tracked by HIMIPref™; regrettably, there are not enough US-Pay issues available to form an analyzable universe.
This entry was posted on Wednesday, May 23rd, 2012 at 11:24 pm and is filed under Issue Comments, US Pay. You can follow any responses to this entry through the RSS 2.0 feed.
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ENB.PF.U Closes a Little Soft on Good Volume
Enbridge Inc. has announced:
ENB.PF.U is a FixedReset, US Pay, 4.00%+315, announced May 11. The issue traded 761,310 shares in a range of 24.80-95 before closing at 24.87-90, 20×15.
The issue will not be tracked by HIMIPref™; regrettably, there are not enough US-Pay issues available to form an analyzable universe.
This entry was posted on Wednesday, May 23rd, 2012 at 11:24 pm and is filed under Issue Comments, US Pay. 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.