By Andrea Heisinger
New York, Feb. 8 - AT&T Inc. gave the terms of its $2.25 billion sale of three-year notes (A3/A-/A) in two tranches, in an FWP filing with the Securities and Exchange Commission.
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 99.935 with a spread of Treasuries plus 55 bps. There is a make-whole call at 10 bps over Treasuries.
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.
|
| Amount: | $2.25 billion
|
| Bookrunners: | BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, UBS Securities LLC
|
| Co-managers: | Loop Capital Markets LLC, Blaylock Robert Van, LLC, Lebenthal & Co. LLC
|
| Trade date: | Feb. 7
|
| Settlement date: | Feb. 12
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| Three-year floaters
|
| Amount: | $1.25 billion
|
| Issue: | Floating-rate notes
|
| Maturity: | Feb. 12, 2016
|
| Coupon: | Libor plus 38.5 bps
|
| Price: | Par
|
| Yield: | Libor plus 38.5 bps
|
| Call: | Non-callable
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Issue: | Global notes
|
| Maturity: | Feb. 12, 2016
|
| Coupon: | 0.9%
|
| Price: | 99.935
|
| Spread: | Treasuries plus 55 bps
|
| Call: | Make-whole at Treasuries plus 10 bps
|
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