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Verizon Mega-Deal Guidance Update

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. Market chatter today's total issuance could total around $25B on the low-side to $40B on high-side. Order book rumored to be approaching $100B!
  • Date $MM Issuer (Priced *, Launch #)
  • 03/11 $Benchmark Verizon 3Y +55a, 3Y FRN SOFRa
  • 03/11 $Benchmark Verizon 5Y 75a, FRN SOFRa
  • 03/11 $Benchmark Verizon 7Y +95a
  • 03/11 $Benchmark Verizon 10Y +112a
  • 03/11 $Benchmark Verizon 20Y +125a
  • 03/11 $Benchmark Verizon 30Y +135a
  • 03/11 $Benchmark Verizon 40Y +150a

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