AT&T shows sterling unaffected by UK government uncertainty

By Nigel Owen
15 Jun 2017

US telecoms company AT&T returned to European markets on Wednesday with a £1bn September 2037 bond, as it followed up a €7bn multi-tranche deal it sold just a week earlier.

The political uncertainty in the UK has had little effect on the sterling bond market. The prevailing tone has been positive for some time now and that helped AT&T achieve a tighter new issue premium than it paid on most of the five euro tranches a week earlier.

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