By Andrea Heisinger
New York, Jan. 29 - AT&T Inc. priced $5.5 billion of notes (A2/A/A) in three tranches late Thursday, an informed source said.
The $1 billion of five-year notes priced to yield Treasuries plus 300 basis points.
The $2.25 billion of 10-year notes priced to yield Treasuries plus 300 bps.
The $2.25 billion of 30-year notes also priced at Treasuries plus 300 bps.
Full terms were not available because of the lateness of the pricing.
Price talk for all of the tranches was 300 bps to 337.5 bps, a source said. A source close to the deal said there was never an actual price curve set and that talk was "in the low 300s unofficially."
The deal came at the tight end of talk either way.
Bookrunners for the five-year tranche were Banc of America Securities LLC, Goldman Sachs & Co. and J.P. Morgan Securities Inc. Those for the 10-year notes were Banc of America Securities, Citigroup Global Markets Inc. and J.P. Morgan Securities. Citigroup, Goldman Sachs and J.P. Morgan Securities ran the books for the 30-year tranche.
The phone and internet service provider is based in Dallas.
| Issuer: | AT&T Inc.
|
| Issue: | Notes
|
| Total amount: | $5.5 billion
|
| Trade date: | Jan. 29
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | 2014
|
| Bookrunners: | Banc of America Securities LLC, Goldman Sachs & Co., J.P. Morgan Securities Inc.
|
| Spread: | Treasuries plus 300 bps
|
| Price talk: | 300 bps to 337.5 bps
|
|
|
| 10-year notes
|
| Amount: | $2.25 billion
|
| Maturity: | 2019
|
| Bookrunners: | Banc of America Securities, Citigroup Global Markets Inc., J.P. Morgan Securities
|
| Spread: | Treasuries plus 300 bps
|
| Talk: | 300 bps to 337.5 bps
|
|
|
| 30-year notes
|
| Amount: | $2.25 billion
|
| Maturity: | 2039
|
| Bookrunners: | Citigroup, Goldman Sachs, J.P. Morgan Securities
|
| Spread: | Treasuries plus 300 bps
|
| Talk: | 300 bps to 337.5 bps
|
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