{"id":18428,"date":"2012-04-19T19:08:23","date_gmt":"2012-04-19T23:08:23","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=18428"},"modified":"2012-04-19T19:08:23","modified_gmt":"2012-04-19T23:08:23","slug":"enb-pr-u-closes-at-significant-premium-on-heavy-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=18428","title":{"rendered":"ENB.PR.U Closes at Significant Premium on Heavy Volume"},"content":{"rendered":"<p>Enbridge Inc. <a href=\"http:\/\/www.enbridge.com\/MediaCentre\/News.aspx?yearTab=en2012&#038;id=1600349\">has announced<\/a>:<\/p>\n<blockquote><p>it has closed its previously announced public offering of cumulative redeemable preferred shares, Series J (the &#8220;Series J Preferred Shares&#8221;) by a syndicate of underwriters led by Scotiabank. Enbridge issued 8 million Series J Preferred Shares for gross proceeds of US$200 million. The Series J Preferred Shares will begin trading on the TSX today under the symbol ENB.PR.U. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.<\/p><\/blockquote>\n<p>ENB.PR.U is a FixedReset, 4.00%+305, US-Pay, <a href=\"http:\/\/www.prefblog.com\/?p=18338\">announced April 10<\/a>.<\/p>\n<p>The issue traded 1,054,194 shares today in a range of 25.35-50 before closing at 25.35-40, 53&#215;244.<\/p>\n<p>ENB.PR.U will not be tracked by HIMIPref&trade; as it is US-Pay and there are not enough US-Pay issues to form an analytical universe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enbridge Inc. has announced: it has closed its previously announced public offering of cumulative redeemable preferred shares, Series J (the &#8220;Series J Preferred Shares&#8221;) by a syndicate of underwriters led by Scotiabank. Enbridge issued 8 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,31],"tags":[],"class_list":["post-18428","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-us-pay"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18428"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18428\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}