AT&T Taps High-Grade Bond Market to Sell $5 Billion of Bonds

AT&T Inc., the telecommunications giant, has successfully sold $5 billion worth of investment-grade bonds in the bond market. This move comes just weeks after the company announced a $23 billion investment to expand its network infrastructure. The bond sale, which was completed on Thursday, is part of AT&T's ongoing efforts to finance its strategic initiatives and maintain a strong financial position. The bonds were issued in the high-grade bond market, indicating that the company has a solid credit rating and is seen as a reliable investment option by investors. The proceeds from the bond sale will likely be used to support AT&T's network expansion plans, which are aimed at improving the company's service quality and competitiveness in the telecommunications industry. This investment is expected to enhance the company's long-term growth prospects and solidify its position as a leading player in the market.