Verizon issues make-whole call for $2 billion of 1.35% notes due 2017

By Susanna Moon

Chicago, Nov. 4 – Verizon Communications Inc. issued a redemption notice for its $2 billion of 1.35% notes due 2017.

The notes will be redeemed at par plus a make-whole premium of 10 basis points on Dec. 5, according to a company notice.

The redemption price will be the sum of the present values of the remaining scheduled payments of principal and interest on the notes excluding interest accrued to the redemption date, discounted to the redemption date on a semiannual basis at the Treasury rate plus the make-whole premium.

Holders also will receive accrued interest to the redemption date.

Verizon is a New York City-based telecommunications company.

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