Enbridge Inc. has announced:
that it has closed its previously announced public offering of Cumulative Redeemable Preference Shares, Series 13 (the “Series 13 Preferred Shares”) by a syndicate of underwriters led by CIBC World Markets, RBC Capital Markets, Scotiabank, and TD Securities. Enbridge issued 14 million Series 13 Preferred Shares for gross proceeds of $350 million. The Series 13 Preferred Shares will begin trading on the TSX today under the symbol ENB.PF.E. 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.E is a FixedReset, 4.40%+266, announced July 8. It will be tracked by HIMIPref™ and has been assigned to the FixedReset subindex.
The issue traded 1,091,623 shares today (consolidated exchanges) in a tight range of 24.95-00 before closing at 24.95-96, 328×5.
Vital statistics are:
| ENB.PF.E |
FixedReset |
YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2044-07-17
Maturity Price : 23.10
Evaluated at bid price : 24.95
Bid-YTW : 4.16 % |
This entry was posted on Friday, July 18th, 2014 at 12:51 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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ENB.PF.E Steady On Very Good Volume
Enbridge Inc. has announced:
ENB.PR.E is a FixedReset, 4.40%+266, announced July 8. It will be tracked by HIMIPref™ and has been assigned to the FixedReset subindex.
The issue traded 1,091,623 shares today (consolidated exchanges) in a tight range of 24.95-00 before closing at 24.95-96, 328×5.
Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2044-07-17
Maturity Price : 23.10
Evaluated at bid price : 24.95
Bid-YTW : 4.16 %
This entry was posted on Friday, July 18th, 2014 at 12:51 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.