Wednesday, September 11, 2013
Verizon's Record Bond Sale
Verizon Communications Inc., announced that it is planning to sell $45 to $49 billion worth of bonds as early as tomorrow.
Verizon's offering is almost three times as large as Apple's $17 billion
bond sale in April. The various bonds in the issue will carry
maturities of three to 30 years, have have both fixed and floating rate
bonds, and be issued in U.S. dollars, euros, British pounds, and
possibly Japanese yen. The bond issue is intended to finance part of
purchase of Vodafone's 45 percent stake in Verizon Wireless.