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Thirty years ago, long-term telephone bonds provided the benchmark for long-term debt (not until 1978 did the U.S. Treasury issue 30-year bonds).
Waking from his slumber when his bonds mature in 2001, Rip observes that telephone bonds are no longer the Aaa/AAA near-equivalents of government paper but medium-grade credits, some trading like speculative-grade debt.
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Bond investors are bracing for a flood of gigantic telephone bond offerings, but the uncertainties were high enough that British Telecommunications postponed an offering last week until its rating was clarified.
Telephone Co. bonds.
That did not happen, and Anderson's silence was considered a major factor.. In a telephone interview, Bonds's criminal defense lawyer, Michael Rains, said he did not believe Anderson would testify.
A little more than half of the net worth is represented by hard assets like offices for the insurance business or readily salable securities like telephone company bonds.
But suddenly it means a lot to sit at a desk in the financial district and spend the day having a hundred telephone conversations with bond traders built around phrases like "NYC T.F.A. 5-and-a-halfs of 11".
Billy Rhinehart, 46, Ms. Rhinehart's brother, said she received a telephone message from Mr. Bonds Friday.
C1 AT&T Debt Plans Standard & Poor's lowered its ratings on AT&T to A from AA-, and the telephone company has told bond-rating agencies that it will reduce its high level of debt, though it offered no details.
JOE ROMAGNOLO Family Came First There were hundreds of telephones at the bond-trading firm of Cantor Fitzgerald and it was Joe Romagnolo's job to keep them working.
When the 30-year Treasury yield slipped below the 10-year yield during the week of Jan . 17 the spread of 30-year bonds of big telephone and finance companies widened even while the spread for five-and ten-year bonds tightened.
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