Friday, August 17, 2018

© Reuters.  Verizon launches tender for notes in euros, sterling© Reuters. Verizon launches tender for notes in euros, sterling

  • Verizon (VZ +0.5%) has made tender offers for five series of notes in euros and British sterling, with a eye to rolling over into intermediate to long maturities in the same denominations.
  • It’s offering to buy €4.15B in the euro-denominated securities, and £1.54B in sterling-denominated notes — a combined $6.93B worth.
  • The top priority in the euro-based tender is €1.75B in 2.375% notes due 2022, while the top pound-based priority is £850M in 4.75% notes due 2034.
  • Now read: Verizon: Despite Intensifying Wireless Competition, A Dividend Increase Is Still Likely

Original article

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