real-time news and commentary for investors
Wednesday, Sep 11
Verizon launches record $49B bond offering
- The size of the deal smashes Apple's record of $17B from a few months back.
- It's an 8-part offering, with $4.25B in 3-year paper launching at a spread of 165 bps all the way to $15B in 30-year bonds launching at +265 bps. Most of the deal is at the longer maturities, suggesting chatter about strong demand was true.
- Bloomberg reports investor presentations to discuss the Vodafone deal set to take place in Europe over the next 3 days have been postponed.
- VZ flat premarket.