Wireless carrier AT&T has sold US$5bn worth of bonds aimed at repaying maturing debt, according to a filing with the US Securities and Exchange Commission (SEC).
The bonds are split between US$1.5bn 2.4% notes due 2016, US$1.5bn 3.875% notes due 2021…
Wireless carrier AT&T has sold US$5bn worth of bonds aimed at repaying maturing debt, according to a filing with the US Securities and Exchange Commission (SEC).
The bonds are split between US$1.5bn 2.4% notes due 2016, US$1.5bn 3.875% notes due 2021 and US$2bn 5.55% notes due 2041. The 2016 notes were priced at 99.673%, the 2021 notes at 99.705% and the 2041 notes at 99.336%.
The joint bookrunners on the transaction were Barclays, JPMorgan, RBS and UBS.
According to an AT&T document, US$3.25bn worth of debt is due this year. As of 30 June 2011, AT&T had long-term liabilities of US$58.6bn.
Moody’s assigned an A2 rating to AT&T’s notes, adding that “the company’s ratings remain on review for possible downgrade, and have been under review since 21 March 2011, on the announcement that AT&T plans to acquire T-Mobile for an approximate price of US$39bn.”
The takeover by AT&T of T-Mobile will see the second and the fourth biggest US network providers merging their operations. Approval by regulators is not expected before Q1 2012.
