As expected, Verizon bond offering a raging success

Verizon Communications (VZ) received orders for $100B of new bonds from over 1,000 investors as it sold $49B worth of debt in the largest corporate-bond offering in U.S. history.

Everyone seems to have emerged happy from this deal. Verizon received a huge chunk of the money it needs - and at relatively low rates - to pay for the $130B acquisition of Vodafone's 45% stake in Verizon Wireless; the banks involved made $265M in fees, with Barclays (BCS), JPMorgan (JPM), Bank of America (BAC) and Morgan Stanley (MS) each earning about $41M; and investors received a higher-yielding debt from a strong U.S. company.

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Comments (2)
  • bbro
    , contributor
    Comments (11223) | Send Message
    5 year Verizon Bond gets you 3.65% a year.....
    12 Sep 2013, 03:23 AM Reply Like
  • titans
    , contributor
    Comments (187) | Send Message
    kicking the Vz workers out of 140 West St. and dumping them into an office in Brooklyn. CWA lets Vz walk all over them. CWA is in bed with Vz mgnt. CWA and the National down in Washington is a shell of what they use to be.CWA turns their backs on workers who are suing Vz - WHY ?
    13 Sep 2013, 11:20 AM Reply Like
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