NTT Poised to Start Dual-Currency Bond Sale to Refinance M&A

NTT Inc., the Japanese telecom giant, is poised to kick off what could be a jumbo bond sale to help refinance bridge loans used to make its data center business a wholly owned unit.

Subsidiary NTT Finance Corp. has hired banks to arrange calls from Monday for a potential multi-tranche debt offering in dollars and euros, according to a person with knowledge of the matter. NTT is set to tap investors at a time when credit spreads in global markets have tightened back to near their lowest since the global financial crisis, a Bloomberg index shows, as investor concerns about trade and the US economy have eased.