T-Mobile Kicks Off Two-Part Bond Sale While Issuance Spree Roars On

The US wireless carrier is selling $2 billion of debt in two parts, according to a person with knowledge of the matter. The longest portion of the offering, a 30-year security, is expected to yield about 1.63 percentage points above Treasuries, said the person, who asked not to be identified as the details are private.

The carrier has $6.8 billion of cash and may produce $7 billion to $8 billion of free cash flow in the second half of the year, according to Bloomberg Intelligence analyst Stephen Flynn. Still, the wireless behemoth may sell bonds to address large obligations, including debt maturities, spectrum purchases, share buybacks and a newly established dividend.T-Mobile declined to comment.

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