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Vodafone Group Plc Message Board

  • nigeco@mail.com nigeco Sep 10, 2013 1:07 PM Flag

    Verizon may boost size of bond offering. CNBC

    Verizon's jumbo $25 billion multi-tranche bond offering could be upsized because of strong investor demand, sources said on Tuesday. The order book already surpassed $50 billion, those sources said. Verizon was initially expected to sell about $25 billion of debt. But with the order books not expected to close until Tuesday afternoon, the size could be increased. The deal is already set to surpass Apple's $17 billion debt offering earlier this year, which was the largest on record. Verizon has launched the multi-tranche debt offering to fund its $130 billion buyout of Vodafone's stake in Verizon Wireless. The multi-tranche bond deal consisting of three-year fixed and floating notes, five-year fixed and floating notes and four fixed rate tranches with seven-, 10-, 20- and 30-year maturities, according to a filing with the Securities and Exchange Commission.

    It looks like the $50bln bonds could be sold soon? Step forward AT&T.

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