VERIZON TRUMPS APPLE, BUT THERE ARE BETTER BUYS $VZ $AAPL $T $VOD $TMUS
Verizon just trumped Apple by orchestrating the world’s largest corporate-debt sale to date by selling $49 billion of bonds. In contrast, the previous largest corporate bond sale in the U. S. was Apple’s big bond sale in April, which, in hindsight, was a mere $17 billion.
Verizon’s rush is investor’s gain
Verizon VZ was in a hurry to complete the massive bond sale and, in the process, paid higher than the prevailing yields.
Verizon’s hurry is investor’s gain. For example, Verizon sold 10-year bonds at 57 basis points more than the existing debt with similar maturity. The yield on other maturities is also attractive.… Please click here or the title below to read more.