By Aleesia Forni
Virginia Beach, Jan. 13 - ONE Gas Inc. priced a $1.2 billion three-part issue of notes on Monday, according to a company news release and a market source.
The sale included $300 million of 2.07% notes due 2019 that priced at par, or Treasuries plus 48 basis points, and $300 million of 3.61% 10-year notes that also priced at par to yield Treasuries plus 88 bps.
There was also $600 million of 4.658% notes due 2044 that priced at 99.99 to yield 4.658%.
The issue priced with a spread of Treasuries plus 88 bps.
All three tranches priced at the tight end of talk.
Bookrunners were BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBS Securities Inc.
ONE Gas is a wholly owned subsidiary of Oneok Inc., a Tulsa, Okla.-based natural gas company.
| Issuer: | ONE Gas Inc.
|
| Issue: | Senior notes
|
| Amount: | $1.2 billion
|
| Bookrunners: | BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc.
|
| Trade date: | Jan. 13
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Notes due 2019
|
| Amount: | $300 million
|
| Maturity: | 2019
|
| Coupon: | 2.07%
|
| Price: | Par
|
| Yield: | 2.07%
|
| Spread: | Treasuries plus 48 bps
|
| Price talk: | Treasuries plus 50 bps area
|
|
|
| Notes due 2024
|
| Amount: | $300 million
|
| Maturity: | 2024
|
| Coupon: | 3.61%
|
| Price: | Par
|
| Yield: | 3.61%
|
| Spread: | Treasuries plus 78 bps
|
| Price talk: | Treasuries plus 80 bps area
|
|
|
| Notes due 2044
|
| Amount: | $600 million
|
| Maturity: | 2044
|
| Coupon: | 4.658%
|
| Price: | 99.99
|
| Yield: | 4.658%
|
| Spread: | Treasuries plus 88 bps
|
| Price talk: | Treasuries plus 90 bps area
|
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