New Issue: AT&T prices $3 billion of Formosa bonds due 2049 at par to yield 4%

By Cristal Cody

Tupelo, Miss., Feb. 13 – AT&T Inc. priced $2,995,000,000 of 4% global notes due June 1, 2049 (Baa2/BBB/A-) on Thursday at par to yield 4%, according to an FWP filing with the Securities and Exchange Commission.

BNP Paribas, Taipei Branch, Citibank Taiwan Ltd., Deutsche Bank AG, Taipei Branch and Morgan Stanley Taiwan Ltd. were the bookrunners.

The company plans to list the Formosa bonds on the Taipei Exchange and apply to list the issue on the New York Stock Exchange.

Proceeds will be used for general corporate purposes.

AT&T is a Dallas-based telecommunications company.

Issuer:	AT&T Inc.
Amount:	$2,995,000,000
Securities:	Global notes
Maturity:	June 1, 2049
Bookrunners:	BNP Paribas, Taipei Branch, Citibank Taiwan Ltd., Deutsche Bank AG, Taipei Branch and Morgan Stanley Taiwan Ltd.
Lead structuring agents:	BNP Paribas, Taipei Branch, Citigroup Global Markets Inc., Deutsche Bank AG, Taipei Branch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Junior structuring agents:	Banca IMI Securities Corp., ICBC Standard Bank plc, Loop Capital Markets LLC, SMBC Nikko Securities America, Inc., Apto Partners, LLC, Bancroft Capital, LLC, Blaylock Van, LLC, Cabrera Capital Markets LLC, Drexel Hamilton, LLC, Great Pacific Securities and R. Seelaus & Co., LLC
Coupon:	4%
Price:	Par
Yield:	4%
Call features:	Each June 1 on or after June 1, 2025 at par
Trade date:	Feb. 13
Settlement date:	Feb. 27
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: A-
Distribution:	SEC registered

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