Market Chatter: Market Chatter: AT&T Launches Multi-Tranche Euro, Sterling Bond Offering

MT Newswires Live
Jul 27

AT&T (T) has launched a bond offering of at least 2 billion euros ($2.23 billion) across euro and sterling-denominated tranches, Bloomberg reported Monday, citing a person familiar with the matter.

The US telecommunications company is marketing four euro-denominated notes with maturities of four, eight, 12 and 19 years, along with a 26-year sterling-denominated tranche, the report said.

Initial price guidance ranges from about 95 basis points over mid-swaps for the four-year euro bond to around 200 basis points over mid-swaps for the 19-year tranche, Bloomberg said, adding that pricing is expected later Monday.

Bloomberg said the final size of the offering is expected to be determined at pricing.

AT&T did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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