AT&T tapping market Thursday for three-, five-, 10-year notes

By Andrea Heisinger

New York, Dec. 6 - AT&T Inc. is tapping the market on Thursday with an offering of notes (A2/A/) in three tranches, an informed source said.

The offering includes a three-year note talked with a spread in the 62.5 basis points area, a five-year tranche talked in the 87.5 bps area and a 10-year bond with guidance in the 110 bps area.

Bank of America Merrill Lynch and Goldman Sachs & Co. are the bookrunners.

AT&T last sold bonds in the U.S. market in a $2 billion sale in two tranches on June 11. That offering included 1.7% five-year notes priced at 105 bps over Treasuries and a reopened 3% 10-year notes sold at 135 bps over Treasuries.

The telecommunications company is based in Dallas.

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