Verizon's $49B bond deal sets record

Verizon Communications sold $49 billion in bonds, the largest corporate-debt sale in history. "The sheer size of this deal is impressive in and of itself," said Bonnie Baha of DoubleLine. "It just goes to show that despite the specter of higher Treasury rates going forward, investor demand remains for attractively priced corporate-credit deals." Verizon plans to pay $130 billion for a 45% stake in Verizon Wireless owned by Vodafone Group.

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