TTT

Targa Resources Partners LP 4.875% 01-FEB-2031

No trades
See on Supercharts
Overview
Analysis

Key terms


Outstanding amount
‪1.00 B‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
4.88% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
5.48%
Maturity date
Feb 1, 2031
Term to maturity
6 years

About Targa Resources Partners LP 4.875% 01-FEB-2031


Issuer
Targa Resources Partners LP
Sector
Energy Minerals
Industry
Integrated Oil
Issue date
Aug 20, 2021
FIGI
BBG00WM391D2
Targa is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. They own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. They are primarily engaged in the business of: - gathering, compressing, treating, processing, and selling natural gas - storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters - gathering, storing, and terminaling crude oil - storing, terminaling, and selling refined petroleum products. They believe their growth will be driven by continued organic growth investments across their diversified asset footprint. Their assets are not easily replicated and are strategically located in some of the most attractive basins in the U.S., and interconnected with key NGL markets and logistics centers. Their gathering and processing assets are across multiple shale and natural resource plays, including the Permian Basin, Barnett Shale, Bakken Shale, Eagle Ford Shale, Anadarko Basin, Arkoma Basin, onshore Louisiana and the Gulf of Mexico. They have a leading position at Mont Belvieu, the NGL hub of North America. They have the second largest fractionation ownership position at Mont Belvieu and world class LPG export facilities on the Gulf Coast at their Galena Park Marine Terminal, which is interconnected to Mont Belvieu.
Advanced bond data for paid plans
Unlock important bond data including coupon rates, redemption details, risk assessments, and much more.