Bombardier Inc. T.BBD.A

News out just an hour ago between the two corporations:

[Zimmee1]

Bombardier to sell remaining 3.1 per cent stake in Alstom from sale of rail unit

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Tue., May 4, 2021, 1:10 p.m.

https://ca.finance.yahoo.com/news/bombardier-sell-remaining-3-1-171033162.html

T:BBD.B - BOMBARDIER INC., CL. B, SV - https://www.bombardier.com

14:08:18 EDT

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Sym-X	Bid - Ask					Last	Chg	%Ch	Vol	$Vol	#Tr	Open-Hi-Lo	Year Hi-Lo	Last Tr	News	Delay
BBD.B - T  ATS	1547.5	0.92	·	0.93	128.0	0.93	-0.02	-2.1	6,215.2	5,810	2,953	0.95  0.95  0.92	1.05  0.26	13:43:38	11:45	15 min RT 2¢
TSX - T	1547.5	0.92	·	0.93	128.0	0.93	-0.02	-2.1	2,807.4	2,630	1,341	0.95  0.95  0.92	1.05  0.26	13:43:38		15 min
NEO ATS - U						0.93	-0.02	-2.1	634.0	592	167	0.95  0.95  0.92		13:39:41		15 min
Alpha - A						0.92	-0.03	-3.2	556.9	520	112	0.95  0.95  0.92		13:37:41		15 min
Omega - O						0.92	-0.03	-3.2	206.5	194	136	0.95  0.95  0.92		13:35:12		15 min
Pure - P						0.93	-0.02	-2.1	994.2	927	204	0.94  0.95  0.92		13:39:42		15 min
Chi-X - X						0.93	-0.02	-2.1	74.5	71	68	0.95  0.95  0.925		13:43:37		15 min

14:08:18 EDT Tue 04 May 2021

[Shamhorish]

a deal that would generate proceeds of more than $630 million at current market prices

[Avionneur]

I don't know what is the hurry for this sell-off. I guess, all this money will go to the payment of interests for this year only...hope not, but there are 850 million interests annually and actually.

[bingostar]

They are trying to buyback as much short and medium term debt as possible , and probably raise equity to rebalance things. But they need a SP significantly over 1$.

[Avionneur]

Right, if they can pay down a bunch of it and that the penalty is not too much that will be good. Let see what they say on the 6 May.

[lb1temporary]

Bombardier has a bond with a may15, 2021 maturity date issued in Euros.  That's a perfect date match with the sale of Alstom shares. No Forex.