Kinder Morgan Energy Partners is seeking to issue $750 million in a two-part bond offering, The Wall Street Journal reports. The offering includes a $375 million 10.5-year tranche and a $375 million 30-year tranche.
The subsidiary of energy company Kinder Morgan will use the proceeds to repay short-term debt and for general corporate purposes. Bank of America Merrill Lynch, Barclays Capital and Citigroup are leading the sale.
Click here for the story from The Wall Street Journal.