NTT Sells 100 Billion Yen in Bonds at 13 Basis Points Above Sovereign Debt

(Bloomberg) -- Nippon Telegraph & Telephone Corp.,
Japan's largest phone company, sold 100 billion yen ($823 million)
in 10-year bonds after its debt rating was raised to the same
level as the nation's government debt.

Tokyo-based NTT priced the bonds to yield 14 basis points
more than sovereign debt with a similar maturity, said a banker at
Nomura Holdings Inc., one of the managers of the sale. NTT had
offered investors a spread ranging from 13 to 15 basis points.


Read more at Bloomberg Bonds News