AT&T prices $10 billion; Seagate, National Rural Utilities sell bonds; Microsoft improves

By Cristal Cody

Tupelo, Miss., Jan. 31 – Deal action stayed strong for a second straight session, led by a $10 billion six-part offering of notes from AT&T Inc. on Tuesday.

AT&T sold $1.25 billion of 3.2% notes due March 1, 2022 at 99.924.

AT&T placed $750 million of 3.8% notes due March 1, 2024 at 99.936.

The company priced $2 billion of 4.25% notes due March 1, 2027 at 99.94.

AT&T sold $3 billion of 5.25% bonds due March 1, 2037 at 99.529.

The $2 billion tranche of 5.45% notes due March 1, 2047 priced at 99.439.

In the final tranche, AT&T sold $1 billion of 5.7% notes due March 1, 2057 at 99.401.

Also, Seagate Technology plc announced that a subsidiary priced a $1.25 billion two-tranche offering of senior notes in a Rule 144A- and Regulation S-eligible private placement.

In addition, National Rural Utilities Cooperative Finance Corp. sold $450 million of seven-year collateral trust bonds.

The Markit CDX North American Investment Grade index eased about 1 basis point to close the day at a spread of 66 bps.

Microsoft Corp.’s notes, priced as part of a $17 billion offering on Monday, improved in secondary trading over the session.

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