Enbridge Inc. - 2013-09-27
Description
Closed its public offering to sell 8 million cumulative redeemable preference shares, series 5, with an over-allotment option at $25 per share for distribution to the public. Proceeds will be used to fund capital projects, to reduce existing debt, and for other general corporate purposes. CIBC, RBC Capital Markets, Scotiabank, and TD Securities Inc. led the syndicate of underwriters.