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.
Freeport's three-part offering included $2 billion of 10-year notes, and $500 million each of three-year and five-year notes. Proceeds from the Phoenix-based company's offering will be used to redeem debt on its 8.375 percent notes maturing in 2017, the company said in a statement.
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