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Verizon Breaks Apple's Record

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September 11, 2013 – Comments (2) | RELATED TICKERS: VZ

Today, Verizon broke Apple's record for the largest dollar value corporate bond issue in history.  Apple rolled out $17 billion a few months ago; Verizon smashed that today with $49 billion slated to help pay for the piece of Verizon Wireless it doesn't already own.  This was an investment grade deal, but not the really high quality stuff - the ten-year slice priced at 5.192% 

Another way to put it in perspecive, if there were no other corporate bond issues this week, Verizon's by itself would make this the second biggest week for corporate issues so far this year.

One other way to look at it - I'll have something to write about for my bond review this week.

Fool On!  Russ

2 Comments – Post Your Own

#1) On September 11, 2013 at 10:43 PM, HarryCarysGhost (99.70) wrote:

Holy Cow!!!

Should be interesting as to how VZ structures the rest of the debt.

Cheers.

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#2) On September 12, 2013 at 11:13 AM, awallejr (85.50) wrote:

At least they were smart enough to get it done before the Fed meets.

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