Deals
Verizon Said to Plan Up to Eight-Part Bond Sale This Week
This article is for subscribers only.
Verizon Communications Inc. plans to finance its purchase of Vodafone Group Plc’s stake in their mobile phone unit with an offering of as many as eight parts that may exceed Apple Inc.’s record issue in April.
Verizon may sell three-, five-, seven-, 10-, 20- and 30-year debt as soon as Sept. 11, a person with knowledge of the offering said. The portions due 2016 and 2018 may consist of fixed- and floating-rate debt, said the person, who asked not to be identified because terms aren’t set.