US incumbent AT&T has offered a €1.65bn (US$2.15bn) eurobond in two different series.
The majority – €1.25bn (US$1.63bn) – will be raised through an issuance of 2.5% global notes due 2023. This paper priced at 99.79%.
AT&T is also reopening its…
US incumbent AT&T has offered a €1.65bn (US$2.15bn) eurobond in two different series.
The majority – €1.25bn (US$1.63bn) – will be raised through an issuance of 2.5% global notes due 2023. This paper priced at 99.79%.
AT&T is also reopening its 3.550% global notes due 2032, first offered in December. It is re-tapping the series to the tune of €400m (US$521m). These notes priced at 99.667% while the original issuance of the series priced at 99.746%. The €400m increase will merge into a single series with December’s issuance.
AT&T did not disclose what the proceeds would specifically be used for.
The joint bookrunners were BNP Paribas, Credit Suisse and UBS.
It is the second time AT&T have visited the bond market this year after issuing US$2.25bn of three-year notes in February.
Prior to that, the incumbent raised US$6.6bn in three separate issuances in December, US$2.6bn of which was in eurobonds.
