TC Energy: 7% Yielding Bonds Offer A Safe Return Profile
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TC Energy Corporation has issued new 7% hybrid bonds, offering a 7.10% yield to call and a 7.03% current yield. These bonds are junior to regular debt, rank with preferred shares, and have a 40-year maturity, but are likely to be redeemed in 10 years. The reset spread and spread to intermediate-term investment grade bonds are attractive.
March 03, 2025 | 12:00 pm
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TC Energy's new 7% hybrid bonds provide a strong yield, with a 7.10% yield to call and a 7.03% current yield. These bonds are junior to regular debt and rank with preferred shares, offering an attractive investment opportunity.
The issuance of 7% hybrid bonds by TC Energy is a significant event for the company, providing a strong yield and attractive investment opportunity. This could positively impact investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100