AT&T launched a five-part bond sale on July 27.
The company aims to raise at least €2 billion ($2.23 billion) through debt denominated in euros and British pounds. The offering includes four euro-denominated notes with maturities of four, eight, 12, and 19 years. It also features a 26-year bond denominated in sterling.
This move accesses European debt markets during the typically slow summer period. AT&T will use the capital for general corporate purposes and to refinance existing debt. The issuance helps the company diversify its international funding sources.