New Issue-Verizon sells $4 bln in 3-pt debt sale
Feb 7 (Reuters) - Verizon Communications Inc (VZ.N: Quote, Profile, Research), the second largest U.S. telecommunications carrier, sold on Thursday $4.0 billion of debt in three parts, said market sources.
Credit Suisse Securities, RBS Greenwich Capital and J.P. Morgan were the joint lead managers for the $750 million, five-year notes.
Goldman Sachs, J.P. Morgan and UBS Securities were the joint lead managers for the $1.5 billion, 10-year notes.
Barclays Capital, Citigroup Global Markets and J.P. Morgan were the joint lead managers for the $1.75 billion, 30-year bonds. BORROWER: VERIZON COMMUNICATIONS INC FIRST TRANCHE: AMT $750 MLN COUPON 4.35 PCT MATURITY 2/15/2013 TYPE NOTES ISS PRICE 99.724 FIRST PAY 8/15/2008 MOODY'S A3 YIELD 4.412 PCT SETTLEMENT 2/12/2008 S&P SINGLE-A SPREAD 163 BPS PAY FREQ SEMI-ANNUAL FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE-CALL 25 BPS SECOND TRANCHE: AMT $1.5 BLN COUPON 5.50 PCT MATURITY 2/15/2018 TYPE NOTES ISS PRICE 99.756 FIRST PAY 8/15/2008 MOODY'S A3 YIELD 5.532 PCT SETTLEMENT 2/12/2008 S&P SINGLE-A SPREAD 178 BPS PAY FREQ SEMI-ANNUAL FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE-CALL 30 BPS THIRD TRANCHE: AMT $1.75 BLN COUPON 6.40 PCT MATURITY 2/15/2038 TYPE BONDS ISS PRICE 99.051 FIRST PAY 8/15/2008 MOODY'S A3 YIELD 6.472 PCT SETTLEMENT 2/12/2008 S&P SINGLE-A SPREAD 195 BPS PAY FREQ SEMI-ANNUAL FITCH A-PLUS MORE THAN TREAS MAKE-WHOLE-CALL 35 BPS
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