AT&T Sells 2 Billion Euros of Bonds to Fund Tender Offer in U.S.
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AT&T Inc. sold 2 billion euros ($2.7 billion) of bonds to help fund tender offers for as much as $6 billion of dollar-denominated notes.
The largest U.S. phone company issued 1 billion euros each of 2.65 percent securities due in December 2021 that pay 95 basis points more than the mid-swap rate and 3.5 percent, 12-year notes yielding 130 more than benchmarks, according to data compiled by Bloomberg. The securities are expected to be rated A3 by Moody’s Investors Service.