February Bond Sales Start Strong

AT&T and Freeport-McMoRan each sell $3 bln of debt.

AT&T Inc., the second-largest U.S. wireless-service provider, and miner Freeport-McMoRan Copper & Gold Inc. led the fastest start on record for monthly bond sales, stoked by yields at almost all-time lows.

AT&T and Freeport, the world’s largest publicly traded copper producer, each sold debt worth $3 billion. Dallas-based AT&T offered $1 billion each of three-, five- and 10-year notes. The 10-year bond was priced at 105 basis points, or 1.05 percentage points more than similar maturity Treasuries.

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