DBRS rates Inter Pipeline notes BBB (high)

DBRS said it assigned a rating of BBB (high) with a stable trend to the C$400 million 3.776% senior unsecured medium-term notes issue of Inter Pipeline Fund due May 30, 2022.

The issue is expected to settle on or about May 28, 2012.

The notes will rank equally with all of the fund's other senior unsecured indebtedness.

The proceeds will be used to pay down existing bank indebtedness, DBRS said.

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