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New Issue- Verizon sells $4.5 bln in 4 parts
November 5, 2012 / 8:50 PM / in 5 years

New Issue- Verizon sells $4.5 bln in 4 parts

Nov 5 (Reuters) - Verizon Communications Friday sold
$4.5 billion of senior notes in four parts, said IFR, a Thomson
Reuters service. 
    Barclays Capital, Bank of America Merrill Lynch, J.P. Morgan
and RBS were the active joint bookrunning managers for the sale.

BORROWER: VERIZON

TRANCHE 1
AMT $1 BLN      COUPON 0.7 PCT     MATURITY    11/02/2015   
TYPE SR NTS     ISS PRICE 99.982   FIRST PAY   05/02/2013 
MOODY'S A3      YIELD 0.706 PCT    SETTLEMENT  11/07/2012   
S&P A-MINUS     SPREAD 32 BPS      PAY FREQ    SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS   NON-CALLABLE   N/A
    
TRANCHE 2
AMT $500 MLN    COUPON 1.1 PCT     MATURITY    11/01/2017   
TYPE SR NTS     ISS PRICE 99.788   FIRST PAY   05/01/2013 
MOODY'S A3      YIELD 1.144 PCT    SETTLEMENT  11/07/2012   
S&P A-MINUS     SPREAD 42 BPS      PAY FREQ    SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS   MAKE-WHOLE CALL 10 BPS
        
TRANCHE 3
AMT $1.75 BLN   COUPON 2.45 PCT    MATURITY    11/01/2022   
TYPE SR NTS     ISS PRICE 99.895   FIRST PAY   05/01/2013 
MOODY'S A3      YIELD 2.462 PCT    SETTLEMENT  11/07/2012   
S&P A-MINUS     SPREAD 75 BPS      PAY FREQ    SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS   MAKE-WHOLE CALL 12.5 BPS
    
TRANCHE 4
AMT $1.25 BLN   COUPON 3.85 PCT    MATURITY    11/01/2042   
TYPE SR NTS     ISS PRICE 99.859   FIRST PAY   05/01/2013 
MOODY'S A3      YIELD 3.858 PCT    SETTLEMENT  11/07/2012   
S&P A-MINUS     SPREAD 97 BPS      PAY FREQ    SEMI-ANNUAL
FITCH SINGLE-A   MORE THAN TREAS   MAKE-WHOLE CALL 15 BPS

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