US telco AT&T has issued €3.8bn (US$4.7bn) notes in three tranches, according to data published by Reuters.
The first tranche, worth €1.5bn and due June 2019, was priced at par and pays 58bps over Euribor.
The second tranche, also valued at…
US telco AT&T has issued €3.8bn (US$4.7bn) notes in three tranches, according to data published by Reuters.
The first tranche, worth €1.5bn and due June 2019, was priced at par and pays 58bps over Euribor.
The second tranche, also valued at €1.5bn, will mature in 2022. It was priced at 99.714 to yield 1.45%, equivalent to a spread of 78bps.
The third €800m tranche, due December 2029, was priced at 99.826 to yield 2.6%, equivalent to a spread of 120bps.
BofA Merrill Lynch, BNP Paribas, Credit Suisse and JP Morgan acted as lead managers on the offering, which was rated A3 by Moody’s, A- by S&P and A by Fitch.
The Texas-based carrier, which was not immediately available for comment, is currently taking part in the ongoing AWS-3 spectrum auction in the US, which has so far raised nearly US$30bn.
It has also recently agreed to acquire Mexico’s third-largest carrier Iusacell for US$2.5bn.
Last week, AT&T priced another multi-tranche deal, worth SFr1.05bn (US$1.088bn).
