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Enbridge raises $2 billion in financing, with aim of paying down short-term debt

2016-02-25 09:44:39| Energy - Topix.net

Pipeline giant Enbridge Inc. has announced an agreement to raise $2 billion by selling its own shares, the proceeds of which will go toward paying down short-term debt. Enbridge and a group of Canadian and U.S. banks have agreed to issue 49.14 million shares on a bought-deal basis.

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