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Enbridge spreads the love around Bay Street

When it comes to doling out underwriting fees, the Enbridge family of companies takes a socialist approach.

Rather than designating one or two investment banks as its lead underwriters for every single financing, Enbridge spreads the wealth. In the past six months, companies under the Enbridge corporate banner have come to equity markets five times and the debt market once, and every single time the lead underwriters have been switched up.