US telco AT&T has priced SFr1.05bn (US$1.088bn) notes in three tranches, according to data released by Reuters.
The first one is valued at SFr150m (US$156m), while the other two are worth SFr450m (US$466m) each.
Credit Suisse served as lead manager on…
US telco AT&T has priced SFr1.05bn (US$1.088bn) notes in three tranches, according to data released by Reuters.
The first one is valued at SFr150m (US$156m), while the other two are worth SFr450m (US$466m) each.
Credit Suisse served as lead manager on the financing. Moody’s gave the offering an A3 rating.
The first tranche, due December 2030, carries a 1.87% coupon and was priced at 101.02 to yield 1.862%, equivalent to a spread of 79bps over mid-swaps.
The second tranche, due December 2019, carries a 0.5% coupon and was priced at 100.16 to yield 05.62%, a spread of 40bps over mid-swaps.
The third tranche, which matures in December 2024, carries a 1.37% coupon and was priced at 100.05 to yield 1.442%, which represents a spread of 75bps over mid-swaps.
The company, which on Monday agreed to acquire Mexico’s third-largest carrier Iusacell for US$2.5bn, has not disclosed how it will use the proceeds from the bond issue.
