Free Trial

$25B Verizon Mega-Deal Launched

PIPELINE

Huge $25B 9pt issue at the low end of the estimate, appears some prop/fast$ accounts had anticipated larger issuance and had sold along with hedges -- contributed to the bounce in Tsys after the 30Y Bond R/O auction tailed slightly.

  • Date $MM Issuer (Priced *, Launch #)
  • 03/11 $1.75B #Verizon 3Y +45, $750M 3Y FRN SOFR+50
  • 03/11 $2.75B #Verizon 5Y 70, $750M FRN SOFR+79
  • 03/11 $3B #Verizon 7Y +90
  • 03/11 $4.25B #Verizon 10Y +107
  • 03/11 $3.75B #Verizon 20Y +120
  • 03/11 $4.5B #Verizon 30Y +130
  • 03/11 $3.5B #Verizon 40Y +145

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.