Jan 6 (Reuters) - Pembina Pipeline Corp PPL.TO :
* Launches $150 million bought deal preferred share offering
* Underwriters to purchase from Pembina 6 million cumulative redeemable minimum
rate reset class a preferred shares at $25 per share
* Intends to use net proceeds from offering of series 11 preferred shares to
reduce indebtedness under credit facilities
* Also intends to use net proceeds for capital expenditures in connection 2016
capital program
* Holders of Series 11 preferred shares will be entitled to receive fixed
cumulative dividends at an annual rate of $1.4375 per share
* Source text for Eikon
* Further company coverage PPL.TO