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Daily Deals: Enbridge raises $2-billion and CIBC parts way with equity sales and trading heads Add to ...

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DEAL OF THE DAY

Enbridge raises $2-billion in bought deal

Enbridge Inc. announced after the bell on Wednesday that it has raised $2-billion in an equity bought deal financing -- the biggest deal of its kind this year in Canada.

The shares were sold at $40.70 a share, a discount of just under 5 percent versus the $42.77 closing price on Wednesday. Just over 49 million new shares were issued.

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