AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Verizon Communications Inc. has sold $11 billion of investment-grade corporate bonds to fund its acquisition of Frontier Communications Parent Inc. The deal is part of a surge in jumbo debt sales, with Verizon issuing bonds in five parts, including a 40-year bond yielding 1.3 percentage points above Treasuries. The offering follows Meta Platforms Inc.'s $30 billion deal and Alphabet Inc.'s $25 billion sale, helping to propel global bond sales to a record of about $6 trillion for the year.

Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet