Enbridge Inc. announced on June 28 the closing of its inaugural Sustainability Linked Bond (SLB). (Photo quoted from Enbridge’s website)

As part of a larger US$1.5 billion financing, the Company issued a US$1 billion 12-year term senior note which is consistent with our recently published SLB Framework, incorporating emissions and inclusion goals into the financing terms. 

The SLB carries a coupon of 2.5%. Enbridge also closed a 30-year US$500 million term senior note issuance with a coupon of 3.4%.

The proceeds from the issuance will be used to repay existing indebtedness, partially fund capital projects and, if applicable, for other general corporate purposes. 

(IRuniverse)