New Issue-Energy Transfer Partners sells $1.0 bln in two parts
March 2 (Reuters) - Energy Transfer Partners LP (ETP.N: Quote, Profile, Research) on Thursday sold $1.0 billion in a two-part debt sale, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $750 million.
Credit Suisse, Morgan Stanley, and J.P. Morgan were the active bookrunning managers for the sale. While RBS Greenwich Capital was the passive bookrunner. BORROWER: ENERGY TRANSFER PARTNERS LP FIRST TRANCHE: AMT $350 MLN COUPON 8.50 PCT MATURITY 4/15/2014 TYPE NOTES ISS PRICE 99.996 FIRST PAY 10/15/2009 MOODY'S Baa3 YIELD 8.50 PCT SETTLEMENT 4/7/2009 S&P BBB-MINUS SPREAD 674.70 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS NON-CALLABLE SECOND TRANCHE: AMT $650 MLN COUPON 9.00 PCT MATURITY 4/15/2019 TYPE NOTES ISS PRICE 99.996 FIRST PAY 10/15/2009 MOODY'S Baa3 YIELD 9.00 PCT SETTLEMENT 4/7/2009 S&P BBB-MINUS SPREAD 624.50 BPS/ PAY FREQ SEMI-ANNUAL FITCH BBB-MINUS MORE THAN TREAS NON-CALLABLE
© Thomson Reuters 2009. All rights reserved. | Learn more about Thomson Reuters
