Frontier Communications Corp. is planning to raise $6.6 billion of bonds to back its purchase of landline assets from Verizon Communications Inc., ending a nearly one month issuance drought in the market for junk debt.

The communication-services provider, which had previously announced plans to raise speculative-grade debt to finance the acquisition, may sell the notes in as many as three parts, according to a person with knowledge of the matter. Frontier plans to start marketing the securities today and complete the sale by Sept. 15 or Sept. 16, said the person, who asked not to be identified because the information isn’t public.

The offering for Stamford, Connecticut-based Frontier would the second largest dollar-denominated junk-rated deal since Valeant Pharmaceuticals International Inc. sold about $10 billion of notes in March -- and one of the first high-yield deals to come to the market in nearly a month.

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. are marketing the notes.

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