Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com -- AT&T Inc. is planning to sell at least $4 billion of investment-grade debt on Wednesday, according to Bloomberg, citing sources familiar with the matter.
The telecommunications giant is looking to structure the offering in up to four parts, the sources said. The longest portion of the deal, a 29-year note, may yield approximately 1.3 percentage points over Treasuries.
The company intends to use proceeds from the bond sale for general corporate purposes, which could include funding upcoming debt maturities and pending acquisitions.
The sources requested anonymity as the details of the bond offering are not yet public.
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