OTCPK:ICPVF - Post by User
Comment by
gasholeon Jun 06, 2020 2:24pm
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Post# 31120374
RE:RE:RE:Inter Pipeline Announces $700 million Hybrid Note Offering
RE:RE:RE:Inter Pipeline Announces $700 million Hybrid Note OfferingCalculate the interest on this note, and the debt prior to that... Somewhere around the 2.2 billion now I figure, average interest being paid is over 120 million per year now. I know they need money for heartland but they seem to be issuing a LOT of debt last year or so. Ive still got my shares in my RRSP to watch.. Nice to see it climbing but if they keep issusing debt like this 1/2 the income from heartland is going to be needed to pay the interest from debt by the time its completed... perhaps some of this money can be used to pay down debt coming due? Or perhaps other projects??. .. I question whether the dividend will ever get back to 1.71/yr. .. Just skeptical about IPL now, I used to love them not so much anymore... I have about 40% faith in them now.
TheBridge wrote: Just discovered the $700 million of senior unsecured medium-term notes at 4.232% and maturing on June 1, 2027 IPL announced today. So this would be in addition to the Hybrid Note Offering. Good planning on their part for the long term and should temper those who are so concerned and possibly holding shares. If you don't like the investment or are just plain worried find something that suits your needs.