Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration Statement File No. 333-213234
A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authority in each of the provinces of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf prospectus supplement that has been filed, is required to be delivered with this document.
This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the final base shelf prospectus, any amendment and any applicable shelf prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.
June 27, 2017
FINAL TERM SHEET
(2.90% Senior Notes due 2022)
Issuer: |
| Enbridge Inc. |
|
|
|
Issue of Securities: |
| 2.90% Senior Notes due 2022 |
|
|
|
Principal Amount: |
| US$700,000,000 |
|
|
|
Coupon: |
| 2.90% |
|
|
|
Interest Payment Dates: |
| Semi-annually on January 15 and July 15, commencing on January 15, 2018 |
|
|
|
Maturity Date: |
| July 15, 2022 |
|
|
|
Treasury Benchmark: |
| 1.750% due May 31, 2022 |
|
|
|
U.S. Treasury Yield: |
| 1.818% |
|
|
|
Spread to Treasury: |
| +110 bps |
|
|
|
Re-offer Yield: |
| 2.918% |
|
|
|
Initial Price to Public: |
| 99.916% |
|
|
|
Minimum Denominations: |
| US$2,000 and integral multiples of US$1,000 in excess thereof |
|
|
|
Optional Redemption: |
| 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. |
|
|
|
Make-Whole Premium: |
| U.S. Treasury + 20 bps |
|
|
|
Trade Date: |
| June 27, 2017 |
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|
|
Settlement Date: |
| July 7, 2017 (T+7) |
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|
|
CUSIP: |
| 29250N AQ8 |
|
|
|
ISIN: |
| US29250NAQ88 |
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|
|
Joint Book-Running Managers: |
| J.P. Morgan Securities LLC |
|
|
|
Co-Managers: |
| BNP Paribas Securities Corp. |
The issuer has 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 Web site 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 J.P. Morgan Securities LLC collect at (212) 834-4533, Citigroup Global Markets Inc. toll-free at (800) 831-9146, SMBC Nikko Securities America, Inc. toll-free at (888) 868-6856, or Wells Fargo Securities, LLC, toll-free at (800) 645-3751.
A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authority in each of the provinces of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf prospectus supplement that has been filed, is required to be delivered with this document.
This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the final base shelf prospectus, any amendment and any applicable shelf prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.
June 27, 2017
FINAL TERM SHEET
(3.70% Senior Notes due 2027)
Issuer: |
| Enbridge Inc. |
|
|
|
Issue of Securities: |
| 3.70% Senior Notes due 2027 |
|
|
|
Principal Amount: |
| US$700,000,000 |
|
|
|
Coupon: |
| 3.70% |
|
|
|
Interest Payment Dates: |
| Semi-annually on January 15 and July 15, commencing on January 15, 2018 |
|
|
|
Maturity Date: |
| July 15, 2027 |
|
|
|
Treasury Benchmark: |
| 2.375% due May 15, 2027 |
|
|
|
U.S. Treasury Yield: |
| 2.203% |
|
|
|
Spread to Treasury: |
| +150 bps |
|
|
|
Re-offer Yield: |
| 3.703% |
|
|
|
Initial Price to Public: |
| 99.974% |
|
|
|
Minimum Denominations: |
| US$2,000 and integral multiples of US$1,000 in excess thereof |
|
|
|
Optional Redemption: |
| On any date more than three 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. |
|
|
|
Make-Whole Premium: |
| U.S. Treasury + 25 bps |
|
|
|
Trade Date: |
| June 27, 2017 |
|
|
|
Settlement Date: |
| July 7, 2017 (T+7) |
|
|
|
CUSIP: |
| 29250N AR6 |
|
|
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ISIN: |
| US29250N AR61 |
|
|
|
Joint Book-Running Managers: |
| J.P. Morgan Securities LLC |
|
|
|
Co-Managers: |
| BNP Paribas Securities Corp. |
The issuer has 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 Web site 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 J.P. Morgan Securities LLC collect at (212) 834-4533, Citigroup Global Markets Inc. toll-free at (800) 831-9146, SMBC Nikko Securities America, Inc. toll-free at (888) 868-6856, or Wells Fargo Securities, LLC, toll-free at (800) 645-3751.