Enbridge announces consideration of hybrid subordinated notes offering

Calgary, ab, jan. 4, 2022 /prnewswire/ - enbridge inc. (tsx: enb) (nyse: enb) (enbridge or the company) announced today that, subject to market and other conditions, it is considering an offering of hybrid subordinated debt securities in canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. if a successful offering is completed, the company intends to use the net proceeds of the offering to redeem its issued and outstanding cumulative redeemable minimum rate reset preference shares, series 17 (tsx: enb.pf.i), in accordance with their terms, and pending such redemption, to repay short-term indebtedness as well as for general corporate purposes.
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