Verizon’s Bond Blooms Big

Verizon’s Bond Blooms Big (CNBC)

Verizon priced a $49 billion bond offering today. This offering surpasses the combined price of the next three largest corporate bond offers in history. This bond will help the company secure the financing necessary to purchase Verizon Wireless from Vodafone.”No surprise at the market’s acceptance given how wide they bonds are being priced,” Joel Levington of Brookfield Investment Management said. “Current bondholder’s are the ones who are getting hurt from the new spreads and rating downgrades.”