New Issue-Plains All American sells $350 mln notes

Fri Apr 18, 2008 11:28pm BST
[-] Text [+]
 April 18 (Reuters) - Pipeline operator Plains All American
Pipeline LP (PAA.N: Quote, Profile, Research) on Friday sold $350 million of 10-year
notes in the 144a private placement market, market sources
said.
 Banc of America Securities, BNP Paribas Securities and JP
Morgan were the joint bookrunning managers for the sale.
BORROWER: PLAINS ALL AMERICAN PIPELINE LP
AMT $350 MLN     COUPON 6.50 PCT    MATURITY 5/1/2018
TYPE NOTES       ISS PRICE 99.424   FIRST PAY 11/1/2008
MOODY'S Baa3     YIELD 6.579 PCT    SETTLEMENT 4/23/2008
S&P BBB-MINUS    SPREAD 275 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS   MAKE-WHOLE CALL 40 BPS

 
 
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