Enbridge Inc Announces Closing of USD400 Million Preferred Share Offering

Wednesday, 27 Mar 2013 08:17am EDT 

Enbridge Inc announced that it has closed previously announced public offering of Cumulative Redeemable Preference Shares, Series 1 (the Series 1 Preferred Shares) by a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities Enbridge issued 16 million Series 1 Preferred Shares for gross proceeds of USD400 million. The Series 1 Preferred Shares will begin trading on the Toronto Stock Exchange (TSX) under the symbol ENB.PR.V. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes. 

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