New Issue-Buckeye Partners sells $650 mln in notes

Tue Jan 4, 2011 5:54pm EST

 Jan 4 (Reuters) - Buckeye Partners LP (BPL.N) on Tuesday
sold $650 million of notes, said IFR, a Thomson Reuters
service.
 Barclays and SunTrust Robinson Humphrey were the joint
bookrunning managers for the sale.
BORROWER: BUCKEYE PARTNERS LP
AMT $650 MLN      COUPON 4.875 PCT    MATURITY 2/1/2021  
TYPE NTS          ISS PRICE 99.6200   FIRST PAY 8/1/2011 
MOODY'S Baa2      YIELD 4.923 PCT     SETTLEMENT N/A     
S&P TRIPLE-B      SPREAD 160 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.