By Andrea Heisinger
Omaha, Dec. 3 - AT&T Inc. priced $3 billion of global notes in two tranches Monday, an informed source said.
A $1 billion tranche of 4.95% five-year notes priced at 99.916 to yield 170 basis points more than Treasuries, in line with price talk that was in the 170 bps area. The notes have a make-whole call at Treasuries plus 25 bps.
A $2 billion tranche of 6.3% 30-year notes priced at 99.559 to yield 200 bps more than Treasuries, at the tight end of price talk that was 200 to 205 bps more than Treasuries. There is a make-whole call at Treasuries plus 30 bps.
Bookrunners were Goldman Sachs, J.P. Morgan Securities Inc. and Wachovia Securities.
The communications company is based in San Antonio.
| Issuer: | AT&T Inc.
|
| Issue: | Global notes
|
| Amount: | $3 billion
|
| Bookrunners: | Goldman Sachs, J.P. Morgan Securities Inc., Wachovia Securities
|
| Trade date: | Dec. 3
|
| Settlement date: | Dec. 6
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
|
|
| Five-year tranche
|
| Amount: | $1 billion
|
| Maturity: | Jan. 15, 2013
|
| Coupon: | 4.95%
|
| Price: | 99.916
|
| Spread: | Treasuries plus 170 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Price talk: | 170 bps area
|
|
|
| 30-year tranche
|
| Amount: | $2 billion
|
| Maturity: | Jan. 15, 2038
|
| Coupon: | 6.3%
|
| Price: | 99.559
|
| Spread: | Treasuries plus 200 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Price talk: | 200 to 205 bps
|
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