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AT&T, Inc. Message Board

  • convergent_series convergent_series May 18, 2013 6:20 AM Flag

    30yr bond offering

    In their 8K filing, AT&T states that they have closed the global bond offering maturing in 2043 for the equivalent amount of $1.56B carrying interest rate of 4.25%. Overall, I would rate this move as positive although the rate seems a bit on the high side and also would have expected the face value to be larger than what is stated in the May 15th filing but still this is a positive move to take advantage of the current low rates. Going by the Friday's stock price action, the market doesn't seem to positively have reacted to this offering given that there are many moving parts to affect the stock price the most important one being competition such as DISH, Sprint, you name it. I am not terribly thrilled about VZ and the hoopla generated in the press and do not agree with the optimism expressed by Barclay.

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