Energy Transfer Partners launches $1.5 bln debt sale

NEW YORK, March 25 (Reuters) - Energy Transfer Partners (ETP.N: Quote, Profile, Research) on Tuesday launched a $1.5 billion three-part debt sale, with pricing expected later on Tuesday, said a market source familiar with the offering.

The sale includes $350 million in five-year notes expected to yield 3.45 percentage points over U.S. Treasuries.

It also includes $600 million in 10-year notes expected to yield 3.25 percentage points over Treasuries and $550 million in 30-year bonds expected to yield 3.30 percentage points over Treasuries.

The joint lead managers on the sale are Credit Suisse, JP Morgan, UBS Securities and Wachovia Capital Markets. (Reporting by Caryn Trokie, Editing by Chizu Nomiyama)