By Cristal Cody
Tupelo, Miss., May 17 – AT&T Inc. priced a C$1.35 billion two-part Canadian dollar-denominated offering of global notes (Baa1/BBB+/A-) due 2024 and 2047 on Wednesday, according to a market source.
The company sold C$600 million of seven-year notes and C$750 million of 30-year notes.
The deal priced late afternoon and final pricing details were not available by press time.
RBC Capital Markets and TD Securities Inc. were the bookrunners.
Both tranches will have a make-whole and par calls, according to a 424B5 filing with the Securities and Exchange Commission on Wednesday.
Proceeds from the deal will be used for general corporate purposes.
AT&T is a Dallas-based telecommunications company.
| Issuer: | AT&T Inc.
|
| Amount: | C$1.35 billion
|
| Description: | Global notes
|
| Bookrunners: | RBC Capital Markets and TD Securities Inc.
|
| Trade date: | May 17
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
|
|
| Seven-year notes
|
| Amount: | C$600 million
|
| Maturity: | 2024
|
|
|
| Thirty-year notes
|
| Amount: | C$750 million
|
| Maturity: | 2047
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
