ENB.PF.C Firm on Excellent Volume

Enbridge Inc. has announced:

that it has closed its previously announced public offering of Cumulative Redeemable Preference Shares, Series 11 (the “Series 11 Preferred Shares”) by a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities. Enbridge issued 20 million Series 11 Preferred Shares for gross proceeds of $500 million. The Series 11 Preferred Shares will begin trading on the TSX today under the symbol ENB.PF.C. Proceeds will be used to partially fund capital projects, reduce existing indebtedness and for other general corporate purposes of the Corporation and its affiliates.

ENB.PF.C is a FixedReset, 4.40%+264, announced May 12. It will be tracked by HIMIPref™ and has been assigned to the FixedReset subindex.

The issue traded 1,653,748 shares today in a range of 24.97-06 before closing at 25.04-06, 168×180. Vital statistics are:

Maturity Type : Limit Maturity
Maturity Date : 2044-05-22
Maturity Price : 23.13
Evaluated at bid price : 25.04
Bid-YTW : 4.14 %

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