DBRS rates Enbridge notes BBB

DBRS said it has assigned a rating of BBB (high) with a stable trend to the following Enbridge Income Fund new debt issuance:

• C$225 million of 2.92% senior unsecured medium-term notes, series 9, maturing on Dec. 14, 2017; and

• C$275 million of 3.94% notes, series 10, maturing on Jan. 13, 2023.

Net proceeds from the issue will be used to repay indebtedness of the fund, including related party indebtedness, and for general corporate purposes, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.