CALGARY, Jan. 18 /CNW/ - EnCana Corporation (TSX, NYSE: ECA) has
completed a public offering in Canada of C$750 million senior unsecured medium
term notes with a coupon rate of 5.80% due January 18, 2018. The net proceeds
of the offering will be used to repay a portion of EnCana's existing bank and
commercial paper indebtedness.
These debt securities are rated A- by Standard & Poor's Ratings Services,
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 May 24, 2007. CIBC World Markets Inc. and RBC Capital Markets
acted as joint lead agents for the offering.
With an enterprise value of approximately US$55 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
website, www.encana.com, or by contacting:
For further information:
For further information: EnCana Corporate Communications, Investor
contact: Susan Grey, Manager, Investor Relations, (403) 645-4751; Media
contact: Alan Boras, Manager, Media Relations, (403) 645-4747