AT&T Dials Up Euro, Sterling Bonds After Four-Year Absence

Telecommunications giant AT&T has made two significant currency deals in late July, marking a return to the markets after a four-year hiatus. The company issued a size-related bond in euros and a duration-based note in sterling. This marks AT&T's first foray into sterling-denominated bonds since 2018.

The elevated premiums paid at the long end of the market are likely a reflection of the current interest rate environment. Investors are seeking higher yields, driving up prices for longer-dated debt.