T-Mobile Kicks Off Two-Part Bond Sale While Issuance Spree Roars On
- Firm is capitalizing on investor demand for long-dated bonds
- High-grade borrowers expected to raise $30 billion this week
A T-Mobile store in Miami, Florida.
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T-Mobile US Inc. tapped the US investment-grade bond market on Monday as blue-chip firms rush to raise fresh capital ahead of key inflation data later this week.
The US wireless carrier sold $2 billion of debt in two parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, yields 1.63 percentage point above Treasuries, said the person, who asked not to be identified as the details are private, after earlier discussions for about 1.95 percentage point.