New Issue: Verizon Communications sells $1.48 billion 4.95% 30-year notes at par

By Cristal Cody

Eureka Springs, Ark., Jan. 25 – Verizon Communications Inc. (Baa1/BBB+/A-) priced $1,475,000,000 of 4.95% 30-year notes at par on Wednesday, according to an FWP filing with the Securities and Exchange Commission.

BNP Paribas Securities Corp., Taipei Branch, and Deutsche Bank AG, Taipei Branch, were the bookrunners.

Beginning on Feb. 11, 2020, the notes are redeemable, in whole but not in part, each February at par plus interest to the redemption date.

The notes will be listed on the Taipei Exchange.

Proceeds from the offering will be used for general corporate purposes.

Verizon is a New York City-based telecommunications company.

Issuer:	Verizon Communications Inc.
Amount:	$1,475,000,000
Description:	Notes
Maturity:	Feb. 11, 2047
Bookrunners:	BNP Paribas Securities Corp., Taipei Branch, and Deutsche Bank AG, Taipei Branch
Global structuring agent:	Morgan Stanley & Co. LLC
Junior structuring agents:	Deutsche Bank AG, Taipei Branch, Commerz Markets LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, C.L. King & Associates, Inc. and Samuel A. Ramirez & Co., Inc.
Coupon:	4.95%
Price:	Par
Yield:	4.95%
Call feature:	On or after Feb. 11, 2020 at par
Trade date:	Jan. 25
Settlement date:	Feb. 10
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: A-
Listing:	Taipei Exchange
Distribution:	SEC registered

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