Issuer:
|
Enbridge Inc. | |
Expected Ratings:
|
Moody’s Baa1; S&P A-; DBRS A | |
Issue of Securities:
|
5.60% Senior Notes due 2017 | |
Principal Amount:
|
U.S. $400,000,000 | |
Coupon:
|
5.60% | |
Interest Payment Dates:
|
Semi-annually on April 1 and October 1, commencing on October 1, 2007 | |
Maturity:
|
April 1, 2017 | |
Treasury Benchmark:
|
4.625% due February 15, 2017 | |
U.S. Treasury Yield:
|
4.609% | |
Spread to Treasury:
|
1.000% | |
Re-offer Yield:
|
5.609% | |
Initial Price to Public:
|
per Note: 99.932%; Total: $399,728,000 | |
Optional Redemption:
|
At any time for an amount equal to the principal amount of the notes redeemed plus a make-whole premium and accrued but unpaid interest to the redemption date. The notes may also be redeemed in whole, but not in part, at the redemption price described in the prospectus at any time in the event certain changes affecting Canadian withholding taxes occur. | |
Make-Whole Premium:
|
T + 20 bps | |
Settlement Date:
|
March 30, 2007 | |
Joint Book-Runners:
|
Banc of America Securities LLC ($90,000,000) | |
| Deutsche Bank Securities Inc. ($90,000,000) | ||
Co-Managers:
|
Citigroup Global Markets, Inc. ($36,000,000) | |
| HSBC Securities (USA) Inc. ($36,000,000) | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated ($36,000,000) | ||
| Morgan Stanley & Co. Incorporated ($36,000,000) | ||
| UBS Securities LLC ($36,000,000) | ||
| CIBC World Markets Corp. ($20,000,000) | ||
| Raymond James & Associates Inc. ($20,000,000) |