12:13:18 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-10-01 C$ 49.47
Market Cap C$ 42,381,588,548
Recent Sedar Documents

Globe/wire say Enbridge unit plans bond sale

2015-10-02 06:39 ET - In the News

The Globe and Mail reports in its Friday, Oct. 2, edition that Enbridge Energy Partners LP is planning its first bond sale since 2011 as the transporter of crude oil and natural gas seeks to repay short-term debt and finance capital expansion in a market that has been wary of petroleum-related borrowers. A Bloomberg dispatch to The Globe reports that the offering will be in as many as three parts, the Houston-based business said in a regulatory filing Thursday. The longest portion will be a 30-year bond that may yield as much as 4.5 percentage points more than comparable United States Treasuries, says an unnamed source. Bloomberg says the sale is being seen as a test for energy companies, which have been virtually frozen out of the debt market by a global decline in oil and gas prices that began in June, 2014. Enbridge shares shed eight cents to close in Toronto Thursday at $49.47. The Globe's Larry MacDonald reported on Sept. 16 that most analysts following Enbridge rate it "buy." Mr. MacDonald said the bullish case for Enbridge is not without its persuasive aspects. Enbridge shares could then be had for $50.45.

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