NEW YORK: AT&T is tapping five of its existing US dollar bonds to refinance debt, a source familiar with the details told IFR on Tuesday.

The telecom giant, rated Baa1/BBB+/A-, plans to increase the size of bonds maturing between three and 30 years.

BNP Paribas, Mizuho, Morgan Stanley and RBC are leading the trade, and plan to price it on Tuesday.

Copyright Reuters, 2016