By Devika Patel
Knoxville, Tenn., Feb. 20 – Verizon Communications Inc. priced a $510 million 5% 32-year notes at par on Wednesday, according to an FWP filed with the Securities and Exchange Commission.
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.
| Issuer: | Verizon Communications Inc.
|
| Description: | Notes
|
| Amount: | $510 million
|
| Maturity: | March 15, 2051
|
| Bookrunners: | Deutsche Bank Securities Inc., Taipei branch, and BNP Paribas Securities Corp., Taipei branch
|
| Coupon: | 5%
|
| Price: | Par
|
| Call: | Par call on each March 15 beginning March 15, 2024
|
| Trade date: | Feb. 20
|
| Settlement date: | March 11
|
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