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Tue September 10, 2013
Verizon Creates Shock Waves With Planned Debt Sale
Originally published on Tue September 10, 2013 6:08 am
STEVE INSKEEP, HOST:
NPR's business news begins with some excitement in the bond market.
(SOUNDBITE OF THEME MUSIC)
INSKEEP: You want to buy something, you may have to borrow. Verizon is creating shock waves with a planned sale of debt. This telecommunications giant is expected to try to raise $20 billion or more tomorrow in what would be the largest sale of its kind. Those bonds would help fund the company's buyout of Vodafone, which owns nearly half Verizon's wireless division. Transcript provided by NPR, Copyright NPR.