US operator AT&T has priced £1bn (US$1.56bn) unsecured 30-year notes at 99.37, a spread of 118 bps over treasuries.
The paper carries a 4.25% coupon and has an all-in-yield of 4.323%.
Barclays, BofA Merrill Lynch, RBS and Lloyds are joint bookrunners…
US operator AT&T has priced £1bn (US$1.56bn) unsecured 30-year notes at 99.37, a spread of 118 bps over treasuries.
The paper carries a 4.25% coupon and has an all-in-yield of 4.323%.
Barclays, BofA Merrill Lynch, RBS and Lloyds are joint bookrunners for the offering, which is set to close on 15 May.
Moody’s rated the notes A3, S&P assigned A- and Fitch A.
This offering is AT&T’s first sterling issue since May last year – then it offered £1.25bn (US$1.97bn) in 4.875% senior unsecured 2044 notes.
In 2013 the Dallas-based operator has issued US$4.4bn notes, half denominated in euros and half in dollars.
The incumbent offers fixed-line and mobile telephony, broadband and fixed-line internet services, and digital television. Last year it generated revenues of US$126.4bn and had a net debt balance of US$64.9bn.
