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AT&T, Philip Morris Lead Most Bond Sales in 10 Weeks (Update1)  

AT&T Inc., the largest U.S. telephone company, and cigarette maker Philip Morris International Inc. led $4.2 billion in bond sales, the biggest day in 10 weeks, amid signs of easing in short-term credit markets.

Four companies raised money with debt sales today, the first offerings this week, and the most since borrowers sold $5.25 billion of bonds on Sept. 3, according to data compiled by Bloomberg. Dallas-based AT&T sold $1.5 billion of five-year notes. Philip Morris, the world's largest publicly traded tobacco company, sold $1.25 billion of five-year notes in its first dollar debt sale since May.

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