Giant Telecom AT&T (T) has announced the issuance of a new perpetual preferred stock.
This will be the 1st perpetual preferred issue for the company as far as I can find. They do have some global notes outstanding which can be seen here. Additionally there are 2 3rd party issues outstanding (KTBA and GYC) which we do not cover at this time.
The issue will have an early redemption date starting in 2024. Other terms appear to be fairly typical for a perpetual preferred—cumulative and qualified with quarterly payments.
The preliminary prospectus can be read here.
Thanks to EarlyBird for being the early bird on this one.