New Issue-Enbridge Energy Ptnrs sells $800 mln 2-pt notes

Mon Mar 31, 2008 11:44pm BST
[-] Text [+]
  March 31 (Reuters) - Enbridge Energy Partners LP (EEP.N: Quote, Profile, Research)
on Monday sold $800 million notes in two parts in the 144a
private placement market, said market sources.
  The size of the deal was increased from an originally
planned $600 million.
  Banc of America Securities, Deutsche Bank Securities and
HSBC Securities were the joint bookrunning managers for the
sale.
BORROWER: ENBRIDGE ENERGY PARTNERS LP
FIRST TRANCHE:
AMT $400 MLN     COUPON 6.50 PCT       MATURITY 4/15/2018  
TYPE NOTES       ISS PRICE 99.466      FIRST PAY 10/15/2008
MOODY'S Baa2     YIELD 6.573 PCT       SETTLEMENT 4/3/2008 
S&P TRIPLE-B     SPREAD 315 BPS        PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B     MORE THAN TREAS     MAKE-WHOLE CALL 50 BPS
SECOND TRANCHE:
AMT $400 MLN     COUPON 7.50 PCT       MATURITY 4/15/2038  
TYPE NOTES       ISS PRICE 99.711      FIRST PAY 10/15/2008
MOODY'S Baa2     YIELD 7.524 PC        SETTLEMENT 4/3/2008 
S&P TRIPLE-B     SPREAD 325 BPS        PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B     MORE THAN TREAS     MAKE-WHOLE CALL 50 BPS


 
 
EEP.N
Last:
Change:
Up/Down:
 
by Name by Symbol