UPDATE 1-Enbridge unit prices C$500 mln in notes-term sheet
TORONTO, Nov 5 (Reuters) - Enbridge Pipelines Inc, a unit of Enbridge Inc (ENB.TO: Quote, Profile, Research), priced C$500 million ($472 million) in medium term notes on Thursday, according to a term sheet seen by Reuters.
The term sheet said the pipeline operator priced a C$300 million, 4.49 pct note due Nov. 12, 2019 at C$99.92 to yield 4.5 percent, 97 basis points over the Canadian government benchmark.
It said it also priced a C$200 million, 5.35 percent note due Nov. 10, 2039 at C$99.911 to yield 5.356 percent, 132 basis points over the government benchmark.
The underwriting syndicate included the investment dealer arms of Bank of Nova Scotia (BNS.TO: Quote, Profile, Research), Royal Bank of Canada (RY.TO: Quote, Profile, Research), Toronto-Dominion Bank (TD.TO: Quote, Profile, Research), Bank of Montreal (BMO.TO: Quote, Profile, Research), Canadian Imperial Bank of Commerce (CM.TO: Quote, Profile, Research), National Bank of Canada (NA.TO: Quote, Profile, Research) and HSBC (HSBA.L: Quote, Profile, Research).
($1=$1.06 Canadian) (Reporting by Jeffrey Hodgson; editing by Peter Galloway)
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