ENB.PF.E Steady On Very Good Volume

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:

Maturity Type : Limit Maturity
Maturity Date : 2044-07-17
Maturity Price : 23.10
Evaluated at bid price : 24.95
Bid-YTW : 4.16 %

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