WASHINGTON (dpa-AFX) - Enbridge Inc. (ENB, ENB.TO) Wednesday announced closing of its previously announced public offering of Cumulative Redeemable Preference shares, Series L, by a syndicate of underwriters led by Scotiabank, RBC Capital Markets, & TD Securities Inc.
Enbridge issued 16 million Series L preferred shares for gross proceeds of $400 million. The Series L preferred shares will begin trading on the TSX today under the symbol ENB.PF.U. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.
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