Algonquin Power & Utilities Corp T.AQN

the offering in english

[mnztr]

The units pay 7.75% interest in 2024 the will be converted to common shares at a maximum price of $18 and a min of $15 depending (unclear) on the market price at that time. I tried to buy but no dice form TD :(

[Capharnaum]

From my understanding, you need to buy shares in 2024 (between $15 and $18) and the notes will carry on until 2026 at 1.18% interest.

[mnztr]

so you come up with extra cash at that point?

[Capharnaum]

I guess so, the equity unit consists of one contract to purchase shares (to be purchased in June 2024) and 5% of a $1k senior notes that runs through 2026. This means in June 2024, they will receive another $1B from issuing the shares. At that point, there will be $1B in 1.18% notes running to 2026 and $1B in shares at a price range from $15 to $18. Considering that right now the dividend is 4