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Kinder Morgan To Issue $750M In Bonds

Kinder Morgan Energy Partners is seeking to issue $750 million in a two-part bond offering.

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.

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