New Issue-Plains All American sells $350 mln notes
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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