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MI - Oneok’s $1.75B in notes put YTD sector total near $17B - March 2020
Oneok sold $1.75 billion aggregate principal amount of senior notes to repay commercial paper, fund capital expenditures and potentially pay down some existing debt. The offerings consisted of $400 million of five-year senior notes with a 2.2% coupon, $850 million of 10-year senior notes paying 3.1% p.a. and back-to-back $400 million and $100 million offerings of 4.5% senior notes due 2050. Though there were two offerings, the 2050 notes formed a single series that......
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