AT&T Set to Raise $6 Billion From Bond Sale After Strong Demand
An AT&T store in the Brooklyn borough of New York.
Photographer: Michael Nagle/BloombergAT&T Inc. raised $6 billion from an investment-grade debt sale, seizing on strong investor demand to bolster liquidity as it prepares to close a major network-expansion deal.
The five-tranche bond deal — with maturities ranging from seven to 40 years — was sold Thursday after attracting about $29 billion of orders at the peak, according to people familiar with the matter.