EL Paso CGP Co, founded in the early 2000s and headquartered in El Paso, Texas, operates with the purpose of supplying refined petroleum products to a broad range of retail customers across the Southwestern United States. The company specializes in the distribution of gasoline, diesel, and lubricants, ensuring efficient and reliable service to both individual and commercial clients.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| KMI 6.95% 2028-06-01 USDEL Paso CGP Co | United States | 2028-06-01 | 6.950 | 5.08 |
| KMI 7.75% 2035-10-15 USDEL Paso CGP Co | United States | 2035-10-15 | 7.750 | 5.67 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
EL Paso CGP Co has a history of active bond issuances, beginning in 2005 when they first entered the market to fund their expansion initiatives. Notable issuances include a $200 million bond in 2010 that was crucial for the development of additional distribution facilities, and their recent 2023 issue, which offers a competitive yield of 4.2% compared to the industry average of 3.8%. The bonds feature callable options after five years, providing flexibility to the issuer, and have seen strong demand in secondary markets, reflecting investor confidence in the company's growth trajectory.