By Aleesia Forni
Virginia Beach, June 3 - AT&T Inc. priced $2 billion of 4.8% global notes (A3/A-/A) due 2044 at Treasuries plus 140 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.
Pricing was at 99.636 to yield 4.823%.
The notes sold in line with talk.
The joint bookrunners were J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC.
Proceeds will be used for general corporate purposes, including the repayment of debt.
The telecommunications company is based in Dallas.
| Issuer: | AT&T Inc.
|
| Amount: | $2 billion
|
| Description: | Global notes
|
| Maturity: | June 15, 2044
|
| Bookrunners: | J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC
|
| Coupon: | 4.8%
|
| Price: | 99.636
|
| Yield: | 4.823%
|
| Spread: | Treasuries plus 140 bps
|
| Trade date: | June 3
|
| Settlement date: | June 10
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
| Price talk: | Treasuries plus 140 bps area, tightened from high-140 bps area over Treasuries
|
| Make-whole call: | Treasuries plus 25 bps prior to Dec. 15, 2043, then redeemable at par
|
| Distribution: | SEC-registered
|
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