AT&T Unit Expected to Offer $4 Billion to $5 Billion of Debt
AT&T Wireless Services
will sell $4 billion to $5 billion of debt in an offering that will include 5-year, 10-year and 30-year maturities, according to published reports.
Merrill Lynch
and
Salomon Smith Barney
are handling the offering by the unit of
Scroll to Continue
TheStreet Recommends
AT&T
. The company is expected to sell the debt next week in a private placement.
Shares of AT&T gained 48 cents, or 2.2%, to $22.24 in recent
New York Stock Exchange
trading.
