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Brookfield Infrastructure Partners Prices Preferred Issue

Brookfield Infrastructure Partners (BIP) has priced there new preferred unit offering.

The issue priced at 5.125%–about where the guesses were at yesterday.

The issue is investment grade–although low investment grade at BBB- from S&P.

This issue should trade immediately under OTC grey market ticker BIPPF. I plan to buy a taste of this issue for a long term holding.

The pricing term sheet can be read here.

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