New Issue: AT&T details C$1.35 billion two-tranche sale of notes due 2024, 2047

By Devika Patel

Knoxville, Tenn., May 18 – AT&T Inc. offered further details about a C$1.35 billion two-part Canadian dollar-denominated offering of global notes (Baa1/BBB+/A-) due 2024 and 2047 that priced on Wednesday, according to an FWP filed with the Securities and Exchange Commission.

The company sold C$600 million of seven-year 2.85% notes at 99.994 and C$750 million of 30-year 4.85% notes at 99.359.

RBC Capital Markets and TD Securities Inc. were the bookrunners.

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
Settlement date:	May 30
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: A-
Distribution:	SEC registered
Seven-year notes
Amount:	C$600 million
Maturity:	May 25, 2024
Coupon:	2.85%
Price:	99.994
Call feature:	Make-whole call at Canada yield plus 42.5 bps until March 25, 2024, then a par call
Thirty-year notes
Amount:	C$750 million
Maturity:	May 25, 2047
Coupon:	4.85%
Price:	99.359
Call feature:	Make-whole call at Canada yield plus 70 bps until Nov. 25, 2046, then a par call

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