AT&T has sold US$2bn worth of notes in two tranches, according to an SEC filing. According to market sources quoted by Reuters, one of the tranches was a reopening of an earlier 3% note issue.
Last month, AT&T issued a £1.25bn bond offering that,…
AT&T has sold US$2bn worth of notes in two tranches, according to an SEC filing. According to market sources quoted by Reuters, one of the tranches was a reopening of an earlier 3% note issue.
Last month, AT&T issued a £1.25bn bond offering that, combined with this latest issue, will be used to redeem US$4.8bn of debt maturing in 2012 and 2013.
The first tranche of senior unsecured notes worth US$1.15bn is a five-year note which carries a coupon of 1.7%, priced at 99.8 to yield 1.74%.
The second tranche of senior unsecured notes, for US$850m, is due in 2022 and carries a coupon of 3%. It priced at 100.43 to yield 2.95%.
Both tranches will pay interest semi-annually.
Citigroup, JP Morgan and Wells Fargo were joint bookrunners for the sale.
The offerings were assigned an A rating by Fitch, A2 by Moody’s and A- by S&P.
