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Published on 1/29/2015 in the Prospect News Investment Grade Daily.

New Issue: AT&T prices $2.62 billion 4.6% global notes due 2045 at par

By Aleesia Forni

Virginia Beach, Jan. 29 – AT&T Inc. priced $2,619,000,000 of 4.6% global notes (A3/A-/A) due Feb. 1, 2045 on Thursday at par, according to a FWP filed with the Securities and Exchange Commission.

The notes will be listed on the GreTai Securities Market.

Proceeds will be used for general corporate purposes, including acquisition-related payments.

The telecommunications company is based in Bedminster, N.J.

Issuer:AT&T Inc.
Amount:$2,619,000,000
Description:Global notes
Maturity:Feb. 1, 2045
Bookrunners:MasterLink Securities Corp., Mega International Commercial Bank Co., Ltd.
Structuring agent:Morgan Stanley & Co. LLC
Junior structuring agents:MUFG, BNP Paribas, Taipei Branch, U.S. Bancorp Investments, Inc., EA Markets Securities LLC, Apto Partners, LLC, Academy Securities, Inc., Drexel Hamilton LLC, Lebenthal & Co. LLC, Mischler Financial Group, Inc., MFR Securities, Inc., Blaylock Beal Van, LLC
Coupon:4.6%
Price:Par
Yield:4.6%
Trade date:Jan. 29
Settlement date:Feb. 1
Call features:Callable on each Feb. 12 on or after Feb. 12, 2017
Ratings:Moody’s: A3
Standard & Poor’s: A-
Fitch: A

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