debt
confidence high
sentiment neutral
materiality 0.60
Enbridge completes $2B offering of subordinated notes due 2084 with conversion rights
ENBRIDGE INC
- Issued $750M of 8.250% Fixed-to-Fixed Rate Subordinated Notes Series 2023-A due 2084.
- Issued $1.25B of 8.500% Fixed-to-Fixed Rate Subordinated Notes Series 2023-B due 2084.
- Notes are convertible into newly created Preference Shares Series 2023-A and 2023-B.
- Offering completed on Sept 25, 2023 under SEC registration statement Reg. No. 333-266405.
- Articles amended to create the preference share series issuable upon conversion of the notes.