AT&T Inc. has initiated a five-part bond offering denominated in euro and pound sterling, marking its latest foray into European capital markets.

The telecommunications giant opened books for the multi-tranche sale, which includes both euro- and sterling-denominated notes across various maturities.

Proceeds will likely fund general corporate purposes, including debt refinancing and shareholder returns, consistent with AT&T's capital allocation strategy.

The deal underscores continued investor appetite for high-quality corporate credit amid shifting monetary policy expectations.