Verizon's 5.9% $25-par 40-year notes to begin trading on NYSE

By Stephanie N. Rotondo

Phoenix, Feb. 24 - Verizon Communications Inc.'s $500 million of 5.9% $25-par notes due 2054 are expected to list on the New York Stock Exchange on Wednesday, according to a market source.

The deal priced Jan. 30. The expected symbol is "VZA."

BofA Merrill Lynch, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the bookrunners for the Securities and Exchange Commission-registered deal.

The issuer is a New York City-based telecommunications company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.