By Cristal Cody
Tupelo, Miss., May 16 – AT&T Inc. priced $1.5 billion of four-year floating-rate global notes (Baa1/BBB+/A-) at par to yield Libor plus 95 basis points on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
BofA Merrill Lynch was the bookrunner.
The notes may only be called at par if certain tax laws are changed.
Proceeds from the deal will be used for general corporate purposes.
AT&T is a Dallas-based telecommunications company.
| Issuer: | AT&T Inc.
|
| Amount: | $1.5 billion
|
| Description: | Floating-rate notes
|
| Maturity: | July 15, 2021
|
| Bookrunner: | BofA Merrill Lynch
|
| Coupon: | Libor plus 95 bps
|
| Price: | Par
|
| Yield: | Libor plus 95 bps
|
| Call feature: | Non-callable
|
| Trade date: | May 16
|
| Settlement date: | May 19
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
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