By Cristal Cody
Prospect News, Dec. 15 - Enbridge Income Fund Holdings Inc. sold C$125 million of 4% senior medium-term notes due Dec. 20, 2018 at par, a bond source said.
The notes (DBRS: BBB) all priced in a retail offering on Thursday.
CIBC World Markets Inc. was the lead manager.
Proceeds will be used to repay debt, including credit facilities.
Calgary, Alta.-based Enbridge Income Fund is a publicly traded company that focuses on investments in energy infrastructure assets.
| Issuer: | Enbridge Income Fund Holdings Inc.
|
| Amount: | C$125 million
|
| Maturity: | Dec. 20, 2018
|
| Securities: | Senior medium-term notes
|
| Bookrunner: | CIBC World Markets Inc.
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 20
|
| Rating: | DBRS: BBB
|
| Distribution: | Canada
|
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