TSX:IBG.DB.E - Post by User
Comment by
CreditRiskon Jul 07, 2014 2:41pm
201 Views
Post# 22722157
RE:Fair points Penny
RE:Fair points PennyThis isn't right.
(1) The other convertible holders have no grounds for an increase in their interest rates if IBI were to increase interest on the December debentures.
(2) The consent fee is in fact debt. It says directly in the amendment proposal that it is a non-interest bearing subordinated note. It's allowed because under the CA this type of debt is "permitted".