ONEOK Partners LP - 2011-01-24
Description
Priced an offering of senior notes consisting of $650 million of five-year senior notes at a coupon of 3.25 percent and $650 million of 30-year senior notes at a coupon of 6.125%.
ONEOK Partners expects to use the proceeds to pay amounts outstanding under its $1-billion commercial paper program, to pay the $225-million principal amount of senior notes due March 2011 and for general partnership purposes.
Citigroup Global Markets Inc., RBS Securities Inc. and UBS Securities LLC are joint book-running managers.