Market Chatter: Verizon Communications to Sell Debt Denominated in Euros, UK Pounds

MT Newswires Live02-18

Verizon Communications (VZ) is looking to sell euro and UK pound-denominated hybrid bonds, Bloomberg reported Wednesday, citing unnamed people familiar with the matter.

The mobile communications operator is marketing the notes due 2056 and callable in 2032 at around 4.75% in euros and 6.25% in pounds, according to the report.

The offering comes as investor appetite for subordinated debt over senior bonds has plummeted, the report said.

Verizon did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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