New Issue: AT&T prices $1.05 billion of Formosa bonds due 2050 at par to yield 3.75%

By Cristal Cody

Tupelo, Miss., June 16 – AT&T Inc. priced $1.05 billion of global senior notes due Sept. 1, 2050 (Baa2/BBB/A-) on Tuesday at par to yield 3.75%, according to an FWP filing with the Securities and Exchange Commission.

Deutsche Bank AG, Taipei Branch, Morgan Stanley Taiwan Ltd. and Standard Chartered Bank (Taiwan) Ltd. were the bookrunners.

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

Proceeds from the deal will be used for general corporate purposes.

AT&T is a Dallas-based telecommunications company.

Issuer:	AT&T Inc.
Amount:	$1.05 billion
Securities:	Global senior notes
Maturity:	Sept. 1, 2050
Bookrunners:	Deutsche Bank AG, Taipei Branch, Morgan Stanley Taiwan Ltd. and Standard Chartered Bank (Taiwan) Ltd.
Junior structuring agents:	SMBC Nikko Securities America, Inc., Australia and New Zealand Banking Group Ltd., CIBC World Markets Corp. and Regions Securities LLC
Coupon:	3.75%
Price:	Par
Yield:	3.75%
Call features:	On or after Sept. 1, 2025 at par
Trade date:	June 16
Settlement date:	June 24
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: A-
Distribution:	SEC registered

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