US mobile giant AT&T has priced a C$1bn (US$955m) bond due November 2020 at par to support its debt refinancing.
The notes carry a 3.825% coupon, with interest due semi-annually on 25 May and 25 November of each year, starting from 2014.
RBC Dominion…
US mobile giant AT&T has priced a C$1bn (US$955m) bond due November 2020 at par to support its debt refinancing.
The notes carry a 3.825% coupon, with interest due semi-annually on 25 May and 25 November of each year, starting from 2014.
RBC Dominion Securities and TD Securities Inc are joint bookrunners on the issue, which was priced to AT&T at 99.630%, according to a free writing prospectus.
Proceeds will be used for “general corporate purposes, including funding the cash consideration for a tender offer of certain debt securities issued by AT&T or its subsidiaries”, stated the SEC filing.
The operator last tapped the bond markets only last week, when it priced two tranches of notes amounting to €2bn (US$2.7bn), which will also go towards its planned buyback of existing notes.
Its latest bond is rated A3 (Stable) by Moody’s, A- (Stable) by S&P, and A (Negative) by Fitch.
