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DBRS: Enbridge notes at BBB
DBRS said it has assigned a rating of BBB (high) with a stable trend to the following Enbridge Income Fund new debt issuances:
• C$300 million of 4.1% unsecured medium-term notes, series 6, due Feb. 22, 2019; and
• C$200 million of 4.85% unsecured medium-term notes, series 7, due Feb. 22, 2022.
Net proceeds from the issues will be used to repay outstanding indebtedness, the agency stated.
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