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Verizon launches tender for notes in euros, sterling

Published 10/16/2017, 04:09 PM
© Reuters.  Verizon launches tender for notes in euros, sterling
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  • 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


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