By Aleesia Forni
Virginia Beach, Nov. 20 - AT&T Inc. priced $2 billion of notes in two five-year tranches on Wednesday, according to a syndicate source and an FWP filed with the Securities and Exchange Commission.
The deal included $1.6 billion of 2.375% global notes due 2018 priced with a spread of Treasuries plus 100 basis points, or par.
A second tranche was $400 million of floaters due 2018 priced at par to yield Libor plus 91 bps.
Both tranches priced at the tight end of talk.
Proceeds will be used for general corporate purposes.
Citigroup Global Markets Inc. and Mizuho Securities USA Inc. were the joint bookrunners.
The telecommunications company is based in Dallas.
| Issuer: | AT&T Inc.
|
| Issue: | Notes
|
| Amount: | $2 billion
|
| Joint bookrunners: | Citigroup Global Markets Inc., Mizuho Securities USA Inc.
|
| Trade date: | Nov. 20
|
| Settlement date: | Nov. 27
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| Notes due 2018
|
| Amount: | $1.6 billion
|
| Maturity: | Nov. 27, 2018
|
| Coupon: | 2.375%
|
| Price: | Par
|
| Yield: | 2.375%
|
| Spread: | Treasuries plus 100 bps
|
| Price talk: | Treasuries plus 105 bps area
|
|
|
| Floaters due 2018
|
| Amount: | $400 million
|
| Maturity: | Nov. 27, 2018
|
| Coupon: | Libor plus 91 bps
|
| Price: | Par
|
| Yield: | Libor plus 91 bps
|
| Price talk: | Libor plus 96 bps area
|
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