RE: $1.5 bn note issue - MamaHi Mama, yeah, it makes sense to borrow big when interest rates are about as low as they can go.
Bombardier appears to be using these offerings to pay off older debt involving higher rates, so each debt offering helps cut the overall cost of borrowing.
Bombardier is making some effort to reduce the debt load, but with the debt-to-capital at about 60% more could probably be done in this respect.
The company has a fairly large cash hoard which helps concerns about the need to satisfy pension obligations, and finance the development of new aircraft.
As Bombardier gets the debt load down to the 50% area the stock should have a greater ability to attract instituional money.