Verizon offers senior notes, to be listed in Taipei

By Devika Patel

Knoxville, Tenn., Sept. 2 – Verizon Communications Inc. is planning to offer redeemable senior fixed-rate notes, according to a 424B5 filed Friday with the Securities and Exchange Commission.

The notes will be listed on the Taipei Exchange.

BNP Paribas Securities Corp., Taipei Branch, E.SUN Commercial Bank, Ltd. and MasterLink Securities Corp. are the joint bookrunners.

Proceeds will be used to redeem all $870 million of the company’s 4.8% notes due 2044, expected to be completed by Sept. 23, and for general corporate purposes.

As previously reported, Verizon announced the redemption on Aug. 23. The notes will be redeemed at par plus accrued interest to the Sept. 23 redemption date.

Verizon is a New York City-based telecommunications company.

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