Verizon Kicks Off US Dollar High-Grade Bond Sale to Refinance

Verizon Communications Inc. is tapping the US dollar investment-grade debt market as part of a push to refinance debt.

The company is marketing two tranches of notes, with maturities of 30 years and 32 years, according to a person with knowledge of the matter. Initial price talk on the longest tenor is for a spread of 6.625 percentage points over the benchmark, the person said, asking not to be identified disclosing private details.