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$90 Billion in Bonds

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September 16, 2013 – Comments (0) | RELATED TICKERS: VZ

Last week was a big one for corporate bond issues.  Verizon made headlines with it's record $49 billion issue, but it wasn't the only big borrower.

It's $49 billion in hand for Verizon financing its purchase of Vodafone's stake in Verizon Wireless.  Only $81 billion more to go - it'll be interesting to see how the financing is structured.  More US$ borrowing? Issue bonds in euros or GB pounds?  Share offering? 

I also thought it was interesting how much Verizon's new bonds jumped in price from issue to last week's close.  There was a lot of money made over just a few days.

Fool on!

Russ

 

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