By Devika Patel
Knoxville, Tenn., March 24 – AT&T Inc. priced a $500 million issue of three-year floating-rate global notes (Baa1/BBB+/A-) at par to yield Libor plus 65 basis points on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The notes may only be called if certain tax laws are changed.
J.P. Morgan Securities LLC is the bookrunner.
AT&T is a Dallas-based telecommunications company.
| Issuer: | AT&T Inc.
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| Issue: | Floating-rate global notes
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| Amount: | $500 million
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| Maturity: | Jan. 15, 2020
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| Bookrunner: | J.P. Morgan Securities LLC
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| Coupon: | Libor plus 65 bps
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| Price: | Par
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| Yield: | Libor plus 65 bps
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| Call feature: | Non-callable
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| Trade date: | March 23
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| Settlement date: | March 28
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| Ratings: | Moody’s: Baa1
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| S&P: BBB+
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| Fitch: A-
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| Distribution: | SEC registered
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