C# generic constraints for IEnumerable

public interface I {
}
public class A : I {
}

The compiler takes explicit IEnumerable<A> as IEnumerable<I> :

public void Test() {
    IEnumerable<A> a = new List<A>();
    new List<I>().AddRange(a);
}

But with generic constraints, we get:

public void Test<T>() where T : I {
    IEnumerable<T> t = new List<T>();
    new List<I>().AddRange(t);
}
                          ^^^
Argument 1: cannot convert from 'IEnumerable<T>' to 'IEnumerable<I>'

However, this compiles fine.

public void Test<T>(T t) where T : I {
    new List<I>().Add(t);
}

Hence the question: is this a correct behavior, or is it a bug?