AT&T Issues Series B and Series C Preferred Shares

AT&T (NYSE: T) has announced the issuance of EUR 2,000,000,000 aggregate liquidation preference of its Fixed Rate Reset Perpetual Preferred Securities, Series B (20,000 shares, EUR 100,000 liquidation preference per Preferred Security), the company said.

AT&T also announced the issuance of USD 1,750,000,000 aggregate liquidation preference of its 4.750% Perpetual Preferred Stock, Series C (70,000,000 depositary shares, with a liquidation preference equivalent to USD 25.00 per depositary share).

Proceeds from the issuances will be used for general corporate purposes.