Oneok is rolling some debt into its natural gas distribution business prior to the company's IPO, selling $1.2 billion in new private debt through One Gas, while making a tender offer for up to $1.1 billion in Oneok notes. One Gas is selling $600 million in 30-year senior notes yielding 4.658%, $300 million in 10-year seniors yielding 3.61% and $300 million in five-year seniors yielding 2.07%. Net proceeds should be $1.19 billion, of which......
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