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Strategies & Market Trends : IPPs and Merchant Energy Co.s
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To: Allen Furlan who wrote (2861)10/13/2003 5:48:18 PM
From: Allen Furlan  Read Replies (1) of 3358
 
Any holders of cpn concerned about the LIBOR plus 850 basis points secured loan?(8K of 28 Sept). If these energy merchants have to pay that kind of interest and put up facilities as security, then things must still be pretty rough on the financing end. Cpn also sold 301 million of 4% notes but had to buy 21 million insureance policy. Even then I do not understand the discrepancy in interest rates. Does anyone have insight on this?
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