In the pipeline: Enbridge stock offering
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Enbridge seeks C$523.1 in offering
Canadian pipeline giant Enbridge said it would raise C$523.1 million ($445 million) in a stock issue to pay down debt and fund investment in its subsidiaries.
Enbridge said it would issue 13.5 million shares at C$38.75 each through underwriters led by Scotia Capital and CIBC World Markets.
The company will invest in projects including the C$1.5 billion Northern Lights project.
The offering is expected to close on 22 February.