Cingular Wireless LLC, founded in 2000 and based in Atlanta, Georgia, is a prominent telecommunications company that provides wireless voice and data services. As a major player in the industry, Cingular offers a range of services including mobile voice plans, high-speed internet connectivity, and advanced multimedia solutions tailored to meet the needs of both individual consumers and businesses.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| USA 7.13% 2031-12-15 USDCingular Wireless LLC | United States | 2031-12-15 | 7.125 | 4.88 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Cingular Wireless entered the bond market with its first issuance in 2001, signaling its commitment to strengthening its capital structure. Notably, in 2004, the company issued a $12 billion bond in relation to its merger with AT&T Wireless Services, which was one of the largest bond offerings at the time. Currently, Cingular's bonds yield around 4% compared to an industry average of 3.5%, reflecting its strong credit profile and market demand. The bonds are characterized by features such as call protection and interest rate swaps, which have helped mitigate financial risk in changing economic conditions.