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The real risk for debt, in today's market, is inflation. The other risk, which I think is more muted, is that KMI ends up unable to pay, or in financial distress.


Is there a third risk?
Redemption at par, goodbye
To eighty-eight cents?

Or is the surplus --
The full amount over par --
Accrued interest?

Captain Haiku

From quantumonline:

Certificates are callable at the option of the call warrant holder on or after 4/16/2007 at $10 per certificate plus accrued and unpaid interest.
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