New Issue: AT&T prices $1.27 billion global notes due 2050 at par to yield 4.25%

By Cristal Cody

Tupelo, Miss., Dec. 3 – AT&T Inc. priced $1,265,000,000 of 4.25% global senior notes due March 1, 2050 (Baa2/BBB/A-) on Tuesday at par to yield 4.25%, according to an FWP filing with the Securities and Exchange Commission.

Deutsche Bank AG, Taipei Branch, HSBC Bank (Taiwan) Ltd., Morgan Stanley Taiwan Ltd. and Standard Chartered Bank (Taiwan) Ltd. were the bookrunners.

The company plans to list the notes on the Taipei Exchange and apply to list the notes on the New York Stock Exchange.

Proceeds from the deal will be used for general corporate purposes, including to repay upcoming debt maturities and to fund a tender offer.

AT&T is a Dallas-based telecommunications company.

Issuer:	AT&T Inc.
Amount:	$1,265,000,000
Securities:	Global senior notes
Maturity:	March 1, 2050
Bookrunners:	Deutsche Bank AG, Taipei Branch, HSBC Bank (Taiwan) Ltd., Morgan Stanley Taiwan Ltd. and Standard Chartered Bank (Taiwan) Ltd.
Junior structuring agents:	Australia and New Zealand Banking Group Ltd., CIBC World Markets Corp., Regions Securities LLC, Apto Partners, LLC, Blaylock Van, LLC and Mischler Financial Group, Inc.
Coupon:	4.25%
Price:	Par
Yield:	4.25%
Call features:	On or after March 1, 2025 at par
Trade date:	Dec. 3
Settlement date:	Dec. 12
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: A-
Distribution:	SEC registered

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