Panhandle Eastern Pipe Line Company, founded in 1941 and headquartered in Houston, Texas, operates as a major natural gas pipeline transporter across the United States. The company specializes in the transportation of natural gas through a vast network of pipelines, ensuring reliable delivery for residential, commercial, and industrial users.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ETP 7.00% 2029-07-15 USDPanhandle Eastern Pipe Line Company | United States | 2029-07-15 | 7.000 | 5.13 |
| ETP 7.46% 2066-11-01 USDPanhandle Eastern Pipe Line Company | United States | 2066-11-01 | 7.457 | 6.92 |
| ETP 8.25% 2029-11-15 USDPanhandle Eastern Pipe Line Company | United States | 2029-11-15 | 8.250 | 4.97 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The company began issuing bonds in the late 1980s, with significant bond offerings aimed at financing infrastructure expansions. One notable issuance occurred in 2015, when Panhandle offered $300 million in senior notes, reflecting a strong demand for investment-grade debt. As of October 2023, the yield on their bonds remains competitive within the industry, often appealing to retail investors seeking stable income streams. The company’s bonds are typically characterized by solid credit ratings, bolstered by steady cash flows from their operations.