New Issue: AT&T sells $1.43 billion 30-year 5.5% notes at par via two bookrunners

By Devika Patel

Knoxville, Tenn., March 2 – AT&T Inc. priced $1.43 billion of 5.5% 30-year notes (Baa1/BBB+/A-) at par on Thursday, according to an FWP filed with the Securities and Exchange Commission.

The Dallas-based telecommunications company may redeem all, but not less than all, of the notes at par plus interest on each June 15 on or after June 15, 2020. The company may also tender for the notes in the open market.

BNP Paribas Securities Corp., Taipei Branch, and Deutsche Bank Securities Inc., Taipei Branch, are the bookrunners.

Proceeds will be used for general corporate purposes.

Issuer:	AT&T Inc.
Description:	Notes
Amount:	$1.43 billion
Maturity:	June 15, 2047
Bookrunners:	BNP Paribas Securities Corp, Taipei Branch and Deutsche Bank AG, Taipei Branch
Co-managers:	Goldman Sachs & Co., BofA Merrill Lynch and Morgan Stanley & Co. LLC
Coupon:	5.5%
Price:	Par
Yield:	5.5%
Call feature:	Par call on each June 15 on or after June 15, 2020
Trade date:	March 2
Settlement date:	March 21
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: A-
Distribution:	SEC registered

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