02:50 PM EDT, 05/30/2024 (MT Newswires) -- KKR-backed (KKR) Coastal GasLink is aiming to raise up to CA$4 billion ($2.93 billion) in early June through corporate bonds to refinance debt for its 416-mile natural gas pipeline, Bloomberg reported Thursday, citing people familiar with the matter.

The offering, which if issued at the upper limit could be largest corporate bond deal in Canadian dollars, is expected to be part of a larger CA$9 billion fixed-income financing plan, the report said.

KKR did not immediately respond to MT Newswires request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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