U.S. fixed telephony provider, AT&T, has raised $3 billion in a two-part sale of bonds, The Wall Street Journal reports. The first tranche of $1.75 billion notes, which carry a coupon rate of 2.95%, will mature in 2016, while the second tranche of $1.25 billion notes, which carry a coupon rate of 4.45%, will be due in 2021.
The company will use the proceeds from the offering for general corporate purposes only. The joint lead managers on the sale were Barclays Capital, Citigroup, Goldman Sachs and Wells Fargo, while Williams Capital served as a co-manager.
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