By Andrea Heisinger
New York, Feb. 7 - AT&T Inc. was in the market on Thursday with a $2.25 billion sale of three-year notes (A3/A-/A) in two tranches, a market source said.
The sale included $1.25 billion of three-year floating-rate notes priced at par to yield Libor plus 38.5 basis points.
A $1 billion tranche of 0.9% three-year notes sold at a spread of Treasuries plus 55 bps.
Full terms of the trade were not available at press time.
Bookrunners were BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and UBS Securities LLC.
AT&T last priced bonds in the U.S. market in a $4 billion offering in three maturities on Dec. 6, 2012. That sale included a 0.8% three-year note priced at 50 bps over Treasuries.
The telecommunications company is based in Dallas.
| Issuer: | AT&T Inc.
|
| Issue: | Notes
|
| Amount: | $2.25 billion
|
| Bookrunners: | BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, UBS Securities LLC
|
| Trade date: | Feb. 7
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| Three-year floaters
|
| Amount: | $1.25 billion
|
| Maturity: | 2016
|
| Coupon: | Libor plus 38.5 bps
|
| Price: | Par
|
| Yield: | Libor plus 38.5 bps
|
| Call: | Non-callable
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | 2016
|
| Coupon: | 0.9%
|
| Spread: | Treasuries plus 55 bps
|
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