ATT Deal

January 29th, 2016 2:13 pm | by John Jansen |

I have been playing retired guy today and have not been at my work station for much of the day. There is a multi tranche ATT deal which will raise $6 billion. Here are the current details at the launch:

BFW 01/29 18:26 *LAUNCH: AT&T $6B DEBT OFFERING IN FOUR PARTS

LAUNCH: AT&T $6b Debt Offering in Four Parts
2016-01-29 18:29:35.828 GMT

By Pham-Duy Nguyen
(Bloomberg) — $1.25b 5y launched at +150; guidance was
+155A; IPT was +160A.

* $1.5b 7y launched at +195; guidance was +200A; IPT was
+200-205
* $1.75b 10y launched at +220; guidance was +225A; IPT was
+225A
* $1.5b 31y launched at +290; guidance was +295A; IPT was
+295A
* Guidance area all +/-5
* Issuer: AT&T Inc
* Coupon: Fixed
* Expected Issue Ratings: Baa1/BBB+
* Format: SEC Registered
* Bookrunners: Barclays, BNPPAR, JPM, WFS
* Settlement: T+7 (Feb 9, 2016)
* Denom: 2,000 x 1,000
* Optional Redemption: Make Whole Calls; 5y Par Call 1 month
prior to maturity; 7y 2 months prior to maturity; 10y 3
months prior to maturity; 31y 6 months prior to maturity
* UOP: GCP and repayment of upcoming maturities
* Information from person familiar with the matter, who asked
not to be identified because they’re not authorized to speak
about it

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