Its always easy to be wise in hindsight ,CNP probably shouldnt have borrowed as they did however i can see their reasoning .I myself bought a small investment property in the 80s using bank bills that were rolled over every 3 months .I t was a way of getting interest only finance i would have been in dreadful trouble if the lender had refused to roll over the bills every 3 months . CNp did this type of borrowing on a much larger scale of course and would have received an awful shock when they wer refused refinance as their earnings to this point were more than adequate
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
