AT&T demonstrated significant activity in the European bond market by issuing three euro-denominated bonds and two sterling-denominated bonds. The euro bonds include a six-year note at 1.45% (yield 1.487%), a nine-year note at 1.95% (yield 2.012%), and a 12-year bond at 2.2% (yield 2.296%). The sterling offerings comprise a 10-year note at 3.55% (yield 3.565%) and a 20-year note at 3.9% (yield 3.921%). This move aims to take advantage of lower borrowing costs in Europe.
The telecommunications giant initially sought to raise $4 billion but saw order books swell to $18 billion, indicating robust investor confidence. The sterling tranches alone generated $5.5 billion in orders. This strong demand allowed AT&T to price the bonds with minimal new issue premiums, demonstrating the effectiveness of their strategy to tap European markets during what is typically a quiet period.
While the specific amounts for each tranche were not detailed in the original Bloomberg article, subsequent news from Cbonds indicated recent bond issuances by AT&T: on April 27, 2026, AT&T issued $1,750 million, $2,000 million, and $1,000 million in USD euro-obligations maturing in 2036, 2056, and 2066 respectively cbonds.es. On March 7, 2026, they also issued CAD 1,250 million and CAD 1,000 million bonds maturing in 2036 and 2056 respectively cbonds.es. These recent issuances highlight AT&T's ongoing efforts to diversify its funding sources and optimize its debt structure.
