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Even TransCanada bond hit by oil slump
2015-09-17 02:59:24| Oil & Gas - Topix.net
Investor aversion to the slumping energy industry is so strong that even some debt of TransCanada Pipelines Ltd., the highest-rated Canadian pipeline business, is being shunned. A TransCanada investment-grade bond is trading with an 18-per-cent yield to call that's in line with companies rated in the lowest portion of junk, which usually signals that credit raters are expecting a default.
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Category:Energy and Environment
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