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Verizon to conduct offering of fixed-rate notes via two bookrunners
By Devika Patel
Knoxville, Tenn., Feb. 20 – Verizon Communications Inc. is planning to sell dollar-denominated fixed-rate notes, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are initially non-callable and then are callable at par.
Deutsche Bank Securities Inc., Taipei branch, and BNP Paribas Securities Corp., Taipei branch, are the bookrunners.
The company intends to use net proceeds from this offering for general corporate purposes, including debt repayment.
The company recently sold $1 billion of 3.875% 10-year green senior notes at 99.811 and a spread of Treasuries plus 120 basis points in an offering that priced on Feb. 5 and settled Feb. 8.
Verizon is a New York City-based telecommunications company.
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