ENB.PR.Y Closes With Good Premium on Superb Volume

Enbridge Inc. has announced:

it has closed its previously announced public offering of Cumulative Redeemable Preference shares, Series 3 (the “Series 3 Preferred Shares”) by a syndicate of underwriters led by TD Securities Inc., CIBC, RBC Capital Markets and Scotiabank. Enbridge issued 24 million Series 3 Preferred Shares for gross proceeds of CAD $600 million. The Series 3 Preferred Shares will begin trading on the TSX today under the symbol ENB.PR.Y. Proceeds will be used to partially fund capital projects, to reduce existing indebtedness and for other general corporate purposes of the Corporation and its affiliates.

ENB.PR.Y is a FixedReset, 4.00%+238, announced May 28.

The issue traded 1,492,004 shares today in a range of 25.03-18 before closing at 25.16-17, 67×20.

ENB.PR.Y will be tracked by HIMIPref™ and is assigned to the FixedResets subindex. Vital statistics are:

ENB.PR.Y FixedReset YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2043-06-06
Maturity Price : 23.15
Evaluated at bid price : 25.16
Bid-YTW : 3.65 %

This entry was posted on Friday, June 7th, 2013 at 2:17 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.

5 Responses to “ENB.PR.Y Closes With Good Premium on Superb Volume”

  1. June 6, 2013 « PrefBlog says:
    June 7, 2013 at 2:55 am

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « ENB.PR.Y Closes With Good Premium on Superb Volume […]

  2. June 7, 2013 « PrefBlog says:
    June 7, 2013 at 8:18 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-06-07 Maturity Price : 23.14 Evaluated at bid price : 25.11 Bid-YTW : 3.66 % […]

  3. June 10, 2013 « PrefBlog says:
    June 10, 2013 at 8:49 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-06-10 Maturity Price : 23.09 Evaluated at bid price : 24.98 Bid-YTW : 3.74 % […]

  4. June 12, 2013 « PrefBlog says:
    June 13, 2013 at 1:28 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-06-12 Maturity Price : 23.09 Evaluated at bid price : 24.98 Bid-YTW : 3.75 % […]

  5. June 28, 2013 « PrefBlog says:
    June 28, 2013 at 9:38 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2043-06-28 Maturity Price : 23.05 Evaluated at bid price : 24.86 Bid-YTW : 4.01 % […]

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