June 6, 2011 / 8:50 PM / in 7 years

New Issue-Spectra Energy sells $500 mln in 2 parts

 June 6 (Reuters) - Spectra Energy Partners LP (SEP.N) on Monday sold $500 million of senior unsecured notes in two parts, said IFR, a Thomson Reuters service.
 JP Morgan, Morgan Stanley, RBS and Wells Fargo were the joint bookrunning managers for the sale. BORROWER: SPECTRA ENERGY PARTNERS LP TRANCHE 1                                                 AMT $250 MLN      COUPON 2.95 PCT     MATURITY 6/15/2016  TYPE SR NTS       ISS PRICE 99.778    FIRST PAY 12/15/2011 MOODY‘S Baa3      YIELD 2.998 PCT     SETTLEMENT 6/9/2011 S&P TRIPLE-B      SPREAD 140 BPS      PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 20 BPS TRANCHE 2                                                 AMT $250 MLN      COUPON 4.60 PCT     MATURITY 6/15/2021  TYPE SR NTS       ISS PRICE 99.967    FIRST PAY 12/15/2011 MOODY‘S Baa3      YIELD 4.604 PCT     SETTLEMENT 6/9/2011 S&P TRIPLE-B      SPREAD 160 BPS      PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS   

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