CALGARY, March 12 /CNW/ - EnCana Corporation (TSX, NYSE: ECA) has
completed a public offering in Canada of senior unsecured medium term notes in
the aggregate principal amount of C$500 million. The notes have a coupon rate
of 4.30% and mature on March 12, 2012. The net proceeds of the offering will
be used to repay a portion of EnCana's existing bank and commercial paper
These debt securities are rated A- by Standard & Poor's Ratings Service
(S&P), Baa2 by Moody's Investors Service and A(low) by DBRS Limited.
The offering was made in Canada under EnCana's previously filed shelf
prospectus dated August 31, 2005. HSBC Securities (Canada) Inc. and TD
Securities Inc. acted as joint lead agents for the offering.
With an enterprise value of approximately US$45 billion, EnCana is a
leading North American unconventional natural gas and integrated oilsands
company. By partnering with employees, community organizations and other
businesses, EnCana contributes to the strength and sustainability of the
communities where it operates. EnCana common shares trade on the Toronto and
New York stock exchanges under the symbol ECA.
Further information on EnCana Corporation is available on the company's
For further information:
For further information: EnCana Corporate Communications: Investor
contact: Susan Grey, Investor Relations, (403) 645-4751; Media
contact: Leanne Deighton, Media Relations, (403) 645-4629