By Andrea Heisinger
Omaha, March 31 - Enbridge Energy Partners priced $800 million of notes in two tranches late Monday via Rule 144A, market sources said.
The company priced $400 million 6.5% 10-year notes at Treasuries plus 315 basis points and $400 million 7.5% 30-year notes at Treasuries plus 325 bps.
Bookrunners were Banc of America Securities LLC, Deutsche Bank Securities Inc. and HSBC Securities.
The pipeline operator is based in Calgary, Alta.
| Issuer: | Enbridge Energy Partners
|
| Issue: | Notes
|
| Amount: | $800 million
|
| Bookrunners: | Banc of America Securities LLC, Deutsche Bank Securities Inc., HSBC Securities
|
| Distribution: | Rule 144A
|
| Trade date: | March 31
|
|
|
| 10-year tranche
|
| Amount: | $400 million
|
| Maturity: | 2018
|
| Coupon: | 6.5%
|
| Spread: | Treasuries plus 315 bps
|
|
|
| 30-year tranche
|
| Amount: | $400 million
|
| Maturity: | 2038
|
| Coupon: | 7.5%
|
| Spread: | Treasuries plus 325 bps
|
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