Encana completes US$1 billion debt offering

Calgary, Alberta, (November 14, 2011) - Encana Corporation (TSX, NYSE: ECA) has completed a public offering in the United States of US$600 million notes with a coupon rate of 3.90% due November 15, 2021 and US$400 million notes with a coupon rate of 5.15% due November 15, 2041. The net proceeds of the offering will be used to repay a portion of Encana's commercial paper indebtedness. A portion of this commercial paper indebtedness was incurred to repay Encana's US$500 million 6.30% notes that matured on November 1, 2011. Encana's next bond maturity is C$500 million of 4.30% notes due March 12, 2012.

The offering was made in the United States under Encana's previously filed shelf prospectus dated April 1, 2010 and a prospectus supplement dated November 8, 2011. Barclays Capital Inc., BNP Paribas Securities Corp., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. acted as joint book-running managers for the offering.

Encana Corporation
Encana is a leading North American natural gas producer that is focused on growing its strong portfolio of resource plays producing natural gas and natural gas liquids in key basins from northeast British Columbia to east Texas and Louisiana. 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:

Investor contact:
Ryder McRitchie
Vice-President, Investor Relations
(403) 645-2007

Lorna Klose
Manager, Investor Relations
(403) 645-6977

Media contact:
Alan Boras
Vice-President, Media Relations
(403) 645-4747

Carol Howes
Manager, Media Relations
(403) 645-4799

ECA stock price

TSX $6.18 Can -0.34

NYSE $4.75 USD -0.26

As of 2019-07-15T16:00:00. Minimum 15 minute delay