US incumbent AT&T is readying a new 30-year benchmark bond denominated in sterling, according to market reports.
It could price at 120 to 125 basis points over the reference gilt and BofA Merrill Lynch, Barclays and RBS are lead managers, according to…
US incumbent AT&T is readying a new 30-year benchmark bond denominated in sterling, according to market reports.
It could price at 120 to 125 basis points over the reference gilt and BofA Merrill Lynch, Barclays and RBS are lead managers, according to Dow Jones.
AT&T last issued sterling notes around this time last year. It sold £1.25bn (US$1.97bn) in 4.875% senior unsecured paper set to mature in 2044.
So far this year the Dallas-based operator has sold US$4.4bn notes, half denominated in euros and half in dollars.
AT&T offers fixed-line and mobile telephony, broadband and fixed-line internet services, and digital television. It reported revenues of US$126.4bn for 2012 and stated a net debt balance of US$64.9bn.
