By Cristal Cody
Tupelo, Miss., Aug. 8 – AT&T Inc. priced C$2 billion of global senior notes (Baa2/BBB/A-) in two tranches on Wednesday in an offering registered with the Securities and Exchange Commission, according to an FWP filing with the SEC.
The company sold C$1.25 billion of 4% seven-year notes at 99.736 and C$750 million of 5.1% 30-year notes at 99.488.
RBC Dominion Securities Inc. and TD Securities Inc. were the bookrunners.
Proceeds will be used for general corporate purposes.
AT&T is a Dallas-based telecommunications company.
| Issuer: | AT&T Inc.
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| Amount: | C$2 billion
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| Securities: | Global senior notes
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| Bookrunners: | RBC Dominion Securities Inc. and TD Securities Inc.
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| Trade date: | Aug. 8
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| Settlement date: | Aug. 17
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| Ratings: | Moody’s: Baa2
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| S&P: BBB
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| Fitch: A-
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| Distribution: | SEC registered
|
|
|
| Seven-year notes
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| Amount: | C$1.25 million
|
| Maturity: | Nov. 25, 2025
|
| Coupon: | 4%
|
| Price: | 99.736
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| Call features: | Make-whole call at greater of par or Government of Canada yield plus 42.5 bps before Sept. 25, 2025; thereafter at par
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|
|
| Thirty-year notes
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| Amount: | C$750 million
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| Maturity: | Nov. 25, 2048
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| Coupon: | 5.1%
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| Price: | 99.488
|
| Call features: | Make-whole call at greater of par or Government of Canada yield plus 69 bps before May 25, 2048; thereafter at par
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