Feb 24 (Reuters) - Enbridge Inc ENB.TO :
* Agrees to issue CDN$2 billion of common shares sufficient to fulfill
commercially secured equity funding needs through the end of 2017
* Says proceeds will be used to pay down short term indebtedness pending
investment in capital projects
* Equity raised expected to be sufficient to fulfill equity funding
requirements for commercially secured growth program through end of 2017
* Agreement with group of canadian,u.s. financial institutions to issue 49.14
million common shares from treasury, on a bought deal basis
* Underwriters to issue 49.14 million common shares at C$40.70 per share for
distribution to the public in both Canada and the U.S.
* Source text for Eikon
* Further company coverage ENB.TO