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AT&T Plans Bond Offering

Telecom raises funds to help pay $3.25 bln of debt that matures this year.

By Tim Catts, Bloomberg | Updated on August 15, 2011

     AT&T Inc., the second-largest U.S. wireless carrier, is planning to sell bonds in a benchmark offering to help pay back some of the $3.25 billion of outstanding debt that comes due this year.

     AT&T may issue five-, 10- and 30-year debentures as soon as today, according to a person familiar with the offering. Proceeds may be used for general corporate purposes as well as repayment of its outstanding bonds, said the person, who declined to be identified because terms aren’t set. Benchmark offerings are typically at least $500 million.

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