Enbridge 6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078
By: Tim McPartland,
Date Issued 04/5/2018
Shares Issued 21,000,000 Overallotment Shares 3,000,000
S&P Rating BBB- Moodys Rating Ba2
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Security Ticker Symbol ENBA
Market Traded ON NYSE
Interest Payment Paid the 15th of January, April, July and October beginning on 7/15/2018
Quarterly Interest . 398 Annual Interest 1.594
Securities may be redeemed, at the issuers option, as early as 4/15/2023 for a redemption price of $25/share plus accrued interest
Coupon is fixed until 4/15/2023
Payments are NOT a Qualified Distribution–payments are interest not dividends
Maturity Date 4/15/2078
Company Investor Relations Page for Enbridge
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Click Here to find the offering prospectus
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
