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Verizon Communications Inc Announces $49 Billion Notes Offering


Wednesday, 11 Sep 2013 08:00pm EDT 

Verizon Communications Inc announced that it has offering $2,250,000,000 of our floating rate notes due 2016, $1,750,000,000 of its floating rate notes due 2018, $4,250,000,000 of its notes due 2016, $4,750,000,000 of its notes due 2018, $4,000,000,000 of its notes due 2020, $11,000,000,000 of its notes due 2023, $6,000,000,000 of its notes due 2033 and $15,000,000,000 of its notes due 2043. The floating rate notes due 2016 will bear interest at a rate equal to three-month LIBOR plus 1.53%, which rate will be reset quarterly, and the floating rate notes due 2018 will bear interest at a rate equal to three-month LIBOR plus 1.75%, which rate will be reset quarterly. The notes due 2016 will bear interest at the rate of 2.50% per year, the notes due 2018 will bear interest at the rate of 3.65% per year, the notes due 2020 will bear interest at the rate of 4.50% per year, the notes due 2023 will bear interest at the rate of 5.15% per year, the notes due 2033 will bear interest at the rate of 6.40% per year and the notes due 2043 will bear interest at the rate of 6.55% per year. Interest on the floating rate notes due 2016 is payable quarterly on March 15, June 15, September 15 and December 15 of each year, beginning on December 15, 2013, and interest on the floating rate notes due 2018 is payable quarterly on March 14, June 14, September 14 and December 14 of each year, beginning on December 14, 2013. 

Company Quote

50.23
0.33 +0.66%
1:39pm EDT