TSX:IGMCapital Markets
IGM Financial (TSX:IGM) Valuation Check After $400 Million Debenture Refinancing And Debt Redemption Plan
IGM Financial (TSX:IGM) completed a $400 million debenture refinancing, issuing new 2036 and 2056 notes and planning to redeem its 3.44% debentures due January 2027, reshaping its long term debt profile.
See our latest analysis for IGM Financial.
IGM Financial’s refinancing news lands after a strong run in the stock, with the share price at CA$81.32 and a 90 day share price return of 25.51%, while the 1 year total shareholder return sits at 94.49%. This suggests momentum has been building...