By Cristal Cody
Prospect News, Sept. 23 - Enbridge Inc. sold C$300 million in two tranches of bonds on Thursday, a source said.
The Calgary, Alta., pipeline operator priced C$200 million in 10-year bonds at a spread of 144.3 bps over Canadian government benchmark bonds for a yield of 4.266%, the source said.
The company also sold C$100 million in 30-year bonds at a spread of 170 bps over the Canadian government bond due 2037 for a yield of 3.42%.
| Issuer: | Enbridge Inc.
|
| Amount: | C$300 million
|
| Issue: | Bonds
|
| Trade date: | Sept. 23
|
|
|
| Ten-year bonds
|
| Amount: | C$200 million
|
| Maturity: | 2020
|
| Yield: | 4.266%
|
| Spread: | 144.3 bps
|
|
|
| Thirty-year bonds
|
| Amount: | C$100 million
|
| Maturity: | 2040
|
| Yield: | 3.42%
|
| Spread: | 170 bps
|
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