{"id":22168,"date":"2013-06-07T02:17:17","date_gmt":"2013-06-07T06:17:17","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=22168"},"modified":"2013-06-07T02:17:17","modified_gmt":"2013-06-07T06:17:17","slug":"enb-pr-y-closes-with-good-premium-on-superb-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=22168","title":{"rendered":"ENB.PR.Y Closes With Good Premium on Superb Volume"},"content":{"rendered":"<p>Enbridge Inc. <a href=\"http:\/\/www.enbridge.com\/MediaCentre\/News.aspx?yearTab=en2013&#038;id=1728505\">has announced<\/a>:<\/p>\n<blockquote><p> it has closed its previously announced public offering of Cumulative Redeemable Preference shares, Series 3 (the &#8220;Series 3 Preferred Shares&#8221;) by a syndicate of underwriters led by TD Securities Inc., CIBC, RBC Capital Markets and Scotiabank. Enbridge issued 24 million Series 3 Preferred Shares for gross proceeds of CAD $600 million. The Series 3 Preferred Shares will begin trading on the TSX today under the symbol ENB.PR.Y. 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.<\/p><\/blockquote>\n<p>ENB.PR.Y is a FixedReset, 4.00%+238, <a href=\"http:\/\/www.prefblog.com\/?p=22070\">announced May 28<\/a>.<\/p>\n<p>The issue traded  1,492,004  shares today in a range of 25.03-18 before closing at 25.16-17, 67&#215;20.<\/p>\n<p>ENB.PR.Y will be tracked by HIMIPref&trade; and is assigned to the FixedResets subindex. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>ENB.PR.Y<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-06-06<br \/>\nMaturity Price  : 23.15<br \/>\nEvaluated at bid price : 25.16<br \/>\nBid-YTW : 3.65 %<\/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 3 (the &#8220;Series 3 Preferred Shares&#8221;) by a syndicate of underwriters led by TD Securities Inc., CIBC, &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-22168","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22168","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=22168"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22168\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}