US incumbent AT&T has priced US$500m of 1.4% global notes maturing 2017.
The issue is part of the same series as AT&T’s US$1.5bn offering in December last year. The paper priced at par and Citigroup is the sole bookrunner.
In an SEC filing AT&T said…
US incumbent AT&T has priced US$500m of 1.4% global notes maturing 2017.
The issue is part of the same series as AT&T’s US$1.5bn offering in December last year. The paper priced at par and Citigroup is the sole bookrunner.
In an SEC filing AT&T said the proceeds will be used for general corporate purposes.
The notes are unsecured and unsubordinated, ranking pari passu with all other indebtedness issued under the indenture.
Moody’s rated the debt A3, S&P at A- and Fitch at A.
The original issue in December was as a single tranche of a total US$4bn offering and BofA Merrill Lynch and Goldman Sachs were the joint book-running managers.
AT&T has been active in the bond markets over the last few months. In early February it offered US$2.25bn of unsecured three-year notes in two tranches. In December it tapped the bond market since December, when it raised US$6.6bn in three separate issuances.