AT&T in $22.5bn fundraising through mega-bond sale
AT&T on Thursday is understood to have launched a seven-tranche debt issuance to raise $22.5bn, marking the largest corporate bond sale year-to-date. The offering - which garnered demand worth at least $63bn - was led by Bank of America Merrill Lynch, Goldman Sachs, JP Morgan Chase, Muzoho and MUFG. (FT)

Bankers recommend London listing for $100bn Aramco IPO
Bankers have recommended a listing in London for Saudi Aramco’s proposed initial public offering to raise $100bn. The Saudi oil giant is also considering New York for its secondary listing alongside Riyadh, for its 5% stake sale. (Times)