By Shankar Ramakrishnan
Jan 13 (Reuters) - U.S. integrated midstream infrastructure company Plains All American Pipeline PAA.O is set on Monday to price a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Proceeds will be used to fund an $800 million purchase of Ironwood Midstream Energy Partners and hybrid shares from EnCap Flatrock Midstream, Plains All American said earlier this month .
The offering set the stage for what is expected to be a busy year of bond financing for acquisitions.
Syndicate bankers on average are expecting around $1.65 trillion of new investment-grade bonds in 2025, topping the $1.5 trillion in 2024, making this the second most prolific year for such offerings, according to Informa Global Markets.
Daniel Krieter, credit strategist at BMO Capital, said M&A funding could account for about 14.5% to 15.5% of total investment-grade bond volumes this year, up from about 13.5% in 2024.
(Reporting by Shankar Ramakrishnan; Editing by Richard Chang)
((Shankar.Ramakrishnan@thomsonreuters.com; +1 2017590156))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。