Verizon Said to Plan Record Bond Sale of Up to $49 Billion
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Verizon Communications Inc. plans to sell $45 billion to $49 billion of bonds in an eight-part offering as soon as tomorrow that would be the largest ever, according to people with knowledge of the transaction.
The second-biggest U.S. telephone carrier is planning to sell fixed-rate debt with maturities ranging from three to 30 years as well as two portions of floating-rate securities, said one of the people, who asked not to be identified because terms aren’t set. The transaction would be more than twice the size of Apple’s Inc.’s unprecedented $17 billion issue in April, according to data compiled by Bloomberg.