{"id":20479,"date":"2012-12-06T00:12:06","date_gmt":"2012-12-06T04:12:06","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=20479"},"modified":"2012-12-06T00:12:06","modified_gmt":"2012-12-06T04:12:06","slug":"enb-pr-t-firm-on-excellent-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=20479","title":{"rendered":"ENB.PR.T Firm on Excellent Volume"},"content":{"rendered":"<p>Enbridge Inc. <a href=\"http:\/\/www.enbridge.com\/MediaCentre\/News.aspx?yearTab=en2012&#038;id=1701079\">has announced<\/a>:<\/p>\n<blockquote><p> it has closed its previously announced public offering of Cumulative Redeemable Preference Shares, Series R (the &#8220;Series R Preferred Shares&#8221;) by a syndicate of underwriters led by Scotiabank, RBC Capital Markets and TD Securities Inc. Enbridge issued 16 million Series R Preferred Shares for gross proceeds of C$400 million. The Series R Preferred Shares will begin trading on the TSX today under the symbol ENB.PR.T. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.<\/p><\/blockquote>\n<p>Note that while it is Series <b>R<\/b> the symbol is ENB.PR.<b>T<\/b>. Seems to me that a business that cared about its ultimate customers would coordinate better with the company and underwriters, so that series-letters and ticker symbols would be better coordinated.<\/p>\n<p>ENB.PR.T is a FixedReset, 4.00%+250, <a href=\"http:\/\/www.prefblog.com\/?p=20385\">announced November 26<\/a>. It will be tracked by HIMIPref&trade; and assigned to the FixedReset subindex.<\/p>\n<p>ENB.PR.T traded 968,467 shares today in a range of 24.96-05 before closing at 25.00-01, 29&#215;28. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<td>ENB.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2042-12-05<br \/>\nMaturity Price  : 23.09<br \/>\nEvaluated at bid price : 25.00<br \/>\nBid-YTW : 3.71 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Enbridge Inc. has announced: it has closed its previously announced public offering of Cumulative Redeemable Preference Shares, Series R (the &#8220;Series R Preferred Shares&#8221;) by a syndicate of underwriters led by Scotiabank, RBC Capital Markets &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],"tags":[],"class_list":["post-20479","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20479","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=20479"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20479\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}