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Focus On Verizon, Mega Deal Record Holder

PIPELINE

Verizon mandated JP Morgan and Morgan Stanley late Wednesday in a new mega-deal expected today that has the potential for market disruption if anywhere near the record setting $49B total issued in August 2013.

  • For a more realistic comparison, however, Verizon only issued a total of $15.5B from 2Y-40Y in 2020. Tranches expected for today, pricing later in afternoon.
  • 03/11 $Benchmark Verizon 3Y fix/FRN +80a
  • 03/11 $Benchmark Verizon 5Y fix/FRN +100a
  • 03/11 $Benchmark Verizon 7Y +120a
  • 03/11 $Benchmark Verizon 10Y +135a
  • 03/11 $Benchmark Verizon 20Y +150a
  • 03/11 $Benchmark Verizon 30Y +160a
  • 03/11 $Benchmark Verizon 40Y +175a

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