Enbridge Falls From Near Record as Debt Swap Hits and Energy Drops
Enbridge Inc. shares fell 0.99% to C$79.40 in Toronto Monday after a debt-exchange offer, as oil prices dropped and energy stocks lagged. The company set a June 10 deadline for noteholder consent on swapping Enbridge Pipelines debentures for new Enbridge notes. First-quarter adjusted earnings were C$2.1 billion. TC Energy and Pembina Pipeline also traded lower.