Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
September 29 2021 - 3:31PM
Edgar (US Regulatory)
FREE WRITING PROSPECTUS
Filed Pursuant to Rule 433
Registration No. 333-231553
September 29, 2021
This document does not provide full disclosure
of all material facts relating to the securities offered. Investors should read the registration statement, any amendment and any applicable
prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment
decision.
ENBRIDGE INC.
0.550%Senior Notes
due 2023
1.600% Senior Notes
due 2026
3.400% Senior Notes
due 2051
Issuer:
|
|
Enbridge Inc.
|
|
|
|
|
|
|
|
Guarantors:
|
|
Spectra Energy Partners, LP
Enbridge Energy Partners, L.P.
|
|
|
|
|
|
|
|
Issue of Securities:
|
|
0.550% Senior Notes due 2023
|
|
1.600% Senior Notes due 2026
|
|
3.400% Senior Notes due 2051
|
|
|
|
|
|
|
|
Principal Amount:
|
|
US$500,000,000
|
|
US$500,000,000
|
|
US$500,000,000. The New 2051 Notes will be part of the same series of notes as the US$500,000,000 aggregate principal amount of 3.400% Senior Notes due 2051 that were issued on June 28, 2021 (the “Existing 2051 Notes”). Upon settlement, the New 2051 Notes will be treated as a single series with the Existing 2051 Notes, and the aggregate principal amount of the Existing 2051 Notes and New 2051 Notes together will be US$1,000,000,000.
|
|
|
|
|
|
|
|
Coupon:
|
|
0.550%
|
|
1.600%
|
|
3.400%
|
|
|
|
|
|
|
|
Interest Payment Dates:
|
|
Semi-annually on April 4 and October 4, commencing on April 4, 2022.
|
|
Semi-annually on April 4 and October 4, commencing on April 4, 2022.
|
|
Semi-annually on February 1 and August 1, commencing on February 1, 2022.
|
|
|
|
|
|
|
|
Maturity Date:
|
|
October 4, 2023
|
|
October 4, 2026
|
|
August 1, 2051
|
|
|
|
|
|
|
|
Treasury Benchmark:
|
|
0.125% due August 31, 2023
|
|
0.750% due August 31, 2026
|
|
2.375% due May 15, 2051
|
|
|
|
|
|
|
|
U.S. Treasury Yield:
|
|
0.276%
|
|
1.001%
|
|
2.087%
|
|
|
|
|
|
|
|
Spread to Treasury:
|
|
+0.300%
|
|
+0.600%
|
|
+1.250%
|
|
|
|
|
|
|
|
Re-offer Yield:
|
|
0.576%
|
|
1.601%
|
|
3.337%
|
Initial Price to Public:
|
|
99.948%
|
|
99.995%
|
|
101.166%, plus accrued interest of US$4,533,333.33 from June 28, 2021 to, but excluding, October 4, 2021
|
|
|
|
|
|
|
|
Minimum Denominations:
|
|
US$2,000 x $1,000
|
|
US$2,000 x $1,000
|
|
US$2,000 x $1,000
|
|
|
|
|
|
|
|
Optional Redemption:
|
|
On any date prior to the maturity date 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.
|
|
On
any date more than one month prior to the maturity date 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.
|
|
On any date more than six months prior to the maturity date 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.
|
|
|
|
|
|
|
|
|
|
|
|
On any date that is on or after September 4, 2026, the date that is one month prior to the maturity date for an amount equal to the principal amount of the notes redeemed plus accrued but unpaid interest to the redemption date.
|
|
On any date that is on or after February 1, 2051, the date that is six months prior to the maturity date for an amount equal to the principal amount of the notes redeemed plus accrued but unpaid interest to the redemption date.
|
|
|
|
|
|
|
|
Make-Whole Premium:
|
|
U.S. Treasury +5 bps
|
|
U.S. Treasury +10 bps
|
|
U.S. Treasury +20 bps
|
|
|
|
|
|
|
|
Trade Date:
|
|
September 29, 2021
|
|
|
|
|
|
|
|
Settlement Date:
|
|
October 4, 2021 (T+3)
|
|
|
|
|
|
|
|
CUSIP / ISIN:
|
|
29250N BG9 / US29250NBG97
|
|
29250N BH7 / US29250NBH70
|
|
29250N BE4 / US29250NBE40
|
|
|
|
|
|
|
|
Joint Book-Running Managers:
|
|
Deutsche Bank Securities Inc.
Mizuho Securities USA LLC
MUFG Securities Americas Inc.
Wells Fargo Securities, LLC
Credit Agricole Securities (USA) Inc.
SMBC Nikko Securities America, Inc.
|
|
|
|
|
|
|
|
|
|
|
|
Co-Managers:
|
|
SG Americas Securities, LLC
Truist Securities, Inc.
Loop Capital Markets LLC
Academy Securities, Inc.
|
|
|
|
|
Capitalized terms used and not defined herein
have the meanings assigned in the issuer’s Preliminary Prospectus Supplement, dated September 29, 2021.
The issuer and guarantors have filed a
registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest,
you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively,
the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling
Deutsche Bank Securities Inc. toll-free at 1-800-503-4611,
Mizuho Securities USA LLC toll-free at 1-800-271-7403, MUFG Securities
Americas Inc. toll-free at 1-877-649-6848 or by calling Wells
Fargo Securities, LLC toll-free at 1-800-645-3751.
Not
for retail investors in the European Economic Area (“EEA”) or the United Kingdom. No key information document (KID) as required
by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) or as required by the PRIIPs Regulation as it forms
part of domestic UK law by virtue of the European Union (Withdrawal) Act 2018, as amended, has been prepared as not available to retail
investors in the EEA or the United Kingdom, respectively.
Any disclaimer or other notice that may appear
below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result
of this communication being sent by Bloomberg or another email system.
Enbridge Inc Re Pref Shs... (PK) (USOTC:EBGEF)
Historical Stock Chart
From Nov 2024 to Dec 2024
Enbridge Inc Re Pref Shs... (PK) (USOTC:EBGEF)
Historical Stock Chart
From Dec 2023 to Dec 2024