DBRS rates Inter Pipeline notes BBB (high)

DBRS said it assigned a rating of BBB (high) with a stable trend to the proposed C$200 million of 3.839% senior medium-term notes issue of Inter Pipeline Fund maturing July 30, 2018.

The issue is expected to settle on July 29, the agency added.

Net proceeds from the sale of the above-noted securities will be used to pay down bank debt.

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