Besides the 5.15 percent notes due in 2023 and the 6.55 percent bonds due in 2043, Verizon also sold $4.25 billion of 2.5 percent, three-year fixed-rate notes to yield 165 basis points more than similar-maturity Treasuries; $4.75 billion of 3.65 percent, five-year debt at a spread of 190 basis points; $4 billion of 4.5 percent, seven-year securities yielding 215 basis points more than benchmarks; and $6 billion of 20-year, 6.4 percent notes paying 250 basis points, Bloomberg data show. The 30-year bonds pay a spread of at 265.
Verizon sold $2.25 billion of three-year floating-rate notes at a spread of 153 basis points more than the three-month London interbank offered rate and $1.75 billion of five-year floaters at 175 basis points above Libor, Bloomberg data show.
Libor, the rate at which banks say they can borrow from each other, was set yesterday at 25.44 basis points.