T-Mobile Sells $561 Million Wireless Debt Deal Shelved in August
- Deal was postponed after volatility rocked markets in August
- Bonds are backed by wireless equipment installment plans
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T-Mobile US Inc. sold more than half-a-billion dollars worth of bonds backed by wireless equipment contracts after postponing the deal in August, when debt markets were roiled by a maelstrom of surprise economic, corporate and central bank news.
The telecom giant sold $561.3 million of notes in three parts on Wednesday following a marketing process that kicked off last week, according to people familiar with the matter. The highest-rated tranche carries a coupon of 4.25%, they added, asking not to be named discussing private details.