{"id":45698,"date":"2023-09-05T20:17:07","date_gmt":"2023-09-06T01:17:07","guid":{"rendered":"https:\/\/prefblog.com\/?p=45698"},"modified":"2023-09-05T20:17:07","modified_gmt":"2023-09-06T01:17:07","slug":"september-5-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45698","title":{"rendered":"September 5, 2023"},"content":{"rendered":"

Enbridge has spent a lot of money<\/a>:<\/p>\n

Enbridge Inc. has signed a US$14 billion cash-and-debt deal that represents a major vote of confidence by the Canadian company in the future of natural gas.<\/p>\n

The Calgary-based energy infrastructure giant said Tuesday it will purchase three U.S.-based utility companies \u2013 The East Ohio Gas Company, Questar Gas Company and its related Wexpro companies, and the Public Service Company of North Carolina \u2013 all of which are owned by Virginia-based Dominion Energy Inc.<\/p>\n

Enbridge, which plans to finance the deal through a combination of US$9.4 billion of cash consideration and US$4.6 billion of assumed debt, said the deal will double the scale of its gas utility business and will serve to balance its asset mix evenly between natural gas and renewables, and liquids.<\/p><\/blockquote>\n

I’m not sure what the credit implications might be.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0874 %<\/td>\n2,212.7<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0874 %<\/td>\n4,244.0<\/td>\n<\/tr>\n
Floater<\/td>\n11.00 %<\/td>\n11.39 %<\/td>\n46,647<\/td>\n8.41<\/td>\n2<\/td>\n0.0874 %<\/td>\n2,445.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3020 %<\/td>\n3,331.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.07 %<\/td>\n7.59 %<\/td>\n41,588<\/td>\n2.31<\/td>\n7<\/td>\n-0.3020 %<\/td>\n3,977.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3020 %<\/td>\n3,103.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.3291 %<\/td>\n2,497.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.84 %<\/td>\n7.04 %<\/td>\n47,880<\/td>\n12.46<\/td>\n33<\/td>\n0.3291 %<\/td>\n2,723.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.07 %<\/td>\n9.03 %<\/td>\n98,479<\/td>\n10.80<\/td>\n55<\/td>\n0.4107 %<\/td>\n2,073.4<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.89 %<\/td>\n6.96 %<\/td>\n58,798<\/td>\n12.68<\/td>\n17<\/td>\n-0.0885 %<\/td>\n2,611.1<\/td>\n<\/tr>\n
FloatingReset<\/td>\n11.35 %<\/td>\n11.41 %<\/td>\n39,012<\/td>\n8.61<\/td>\n1<\/td>\n-0.6143 %<\/td>\n2,341.9<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4107 %<\/td>\n2,272.3<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.4107 %<\/td>\n2,119.5<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.39 %<\/td>\n8.46 %<\/td>\n117,717<\/td>\n10.99<\/td>\n11<\/td>\n0.1701 %<\/td>\n2,247.4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-2.40 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 16.30
\nEvaluated at bid price : 16.30
\nBid-YTW : 6.85 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n-1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.85
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n-1.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 6.99 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 16.57
\nEvaluated at bid price : 16.57
\nBid-YTW : 6.83 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n-1.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.56
\nEvaluated at bid price : 17.56
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
CU.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 6.95 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n1.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 18.26
\nEvaluated at bid price : 18.26
\nBid-YTW : 8.80 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 13.61
\nEvaluated at bid price : 13.61
\nBid-YTW : 10.23 %<\/td>\n<\/tr>\n
BN.PF.H<\/td>\nFixedReset Disc<\/td>\n1.56 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 19.55
\nEvaluated at bid price : 19.55
\nBid-YTW : 9.80 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 21.52
\nEvaluated at bid price : 21.84
\nBid-YTW : 7.64 %<\/td>\n<\/tr>\n
BN.PR.N<\/td>\nPerpetual-Discount<\/td>\n2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 16.97
\nEvaluated at bid price : 16.97
\nBid-YTW : 7.16 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n2.63 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.19
\nEvaluated at bid price : 17.19
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n2.71 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 20.86
\nEvaluated at bid price : 20.86
\nBid-YTW : 8.65 %<\/td>\n<\/tr>\n
PWF.PR.G<\/td>\nPerpetual-Discount<\/td>\n3.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 7.09 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n3.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n5.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 19.02
\nEvaluated at bid price : 19.02
\nBid-YTW : 9.05 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n49,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n29,160<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 14.05
\nEvaluated at bid price : 14.05
\nBid-YTW : 11.04 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n19,830<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 7.80 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nInsurance Straight<\/td>\n19,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 16.35
\nEvaluated at bid price : 16.35
\nBid-YTW : 6.90 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n13,830<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 23.10
\nEvaluated at bid price : 24.65
\nBid-YTW : 7.45 %<\/td>\n<\/tr>\n
BN.PF.C<\/td>\nPerpetual-Discount<\/td>\n12,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.19
\nEvaluated at bid price : 17.19
\nBid-YTW : 7.22 %<\/td>\n<\/tr>\n
There were 5 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 15.75 – 19.00
\nSpot Rate : 3.2500
\nAverage : 1.7940<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 10.74 %<\/td>\n<\/tr>\n

CU.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 20.86 – 23.75
\nSpot Rate : 2.8900
\nAverage : 2.2636<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 20.86
\nEvaluated at bid price : 20.86
\nBid-YTW : 8.65 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 17.06 – 18.50
\nSpot Rate : 1.4400
\nAverage : 0.8812<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.06
\nEvaluated at bid price : 17.06
\nBid-YTW : 8.96 %<\/td>\n<\/tr>\n

POW.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.10 – 21.15
\nSpot Rate : 1.0500
\nAverage : 0.6027<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 7.11 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 17.70 – 18.75
\nSpot Rate : 1.0500
\nAverage : 0.6560<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 8.52 %<\/td>\n<\/tr>\n

BN.PR.M<\/td>\nPerpetual-Discount<\/td>\nQuote: 16.75 – 17.37
\nSpot Rate : 0.6200
\nAverage : 0.3906<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-09-05
\nMaturity Price : 16.75
\nEvaluated at bid price : 16.75
\nBid-YTW : 7.26 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Enbridge has spent a lot of money: Enbridge Inc. has signed a US$14 billion cash-and-debt deal that represents a major vote of confidence by the Canadian company in the future of natural gas. The Calgary-based …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-45698","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45698","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=45698"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45698\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}