Enbridge 6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078

By: ,

Date Issued  04/5/2018

Shares Issued  21,000,000     Overallotment Shares  3,000,000

S&P Rating  BBB-   Moodys Rating   Ba2


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


Click Here to find the offering prospectus


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Tim McPartland
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.
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