Enbridge says Lehman small part of credit group

CALGARY, Alberta (Reuters) - Enbridge Inc expects to be able to issue debt at what it considers to be a reasonable spread, Richard Bird, the company's chief financial officer, said at an investor presentation on Tuesday.

Bird said the pipeline company has had little difficulty drawing on its credit facilities, though now-bankrupt investment bank Lehman Brothers had 0.5 percent of the facility sponsored by a total of 24 banks. He said some of Lehman's commitment had been taken up by a Japanese bank in the group.

Bird also said Enbridge was watching "one or two banks" that may be at risk from the credit crisis.

(Reporting by Scott Haggett; editing by Rob Wilson)