Telecom giant and WarnerMedia owner AT&T is raising another $12.5 billion via a bond sale, saying it will use the proceeds to repay outstanding debt.
Its latest bond offering, which includes five types of global notes due between 2027 and 2060, will take advantage of a recent credit market rally. The interest rates on the bonds range from 2.3 percent to 3.85 percent.
lol taking on debt to pay off some debt.
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