Verizon to grab $20bn or more in dollars, then head for Europe

Verizon Communications is expected to launch around $20bn of dollar bonds as early as next Wednesday, as the first stage in financing its $130bn acquisition of Vodafone’s 45% stake in Verizon Wireless.

  • By Jon Hay
  • 05 Sep 2013

Verizon will hold roadshows in the US next Monday and Tuesday and could tap the market on September 11 for the biggest deal in corporate bond history, surpassing the $17bn raised by Apple in May.

“The company is expected to access every component of the market, fixed and ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 126,008.43 551 5.85%
2 Bank of America Merrill Lynch 125,005.79 533 5.81%
3 Citi 102,522.76 538 4.76%
4 Barclays 84,236.96 343 3.91%
5 Goldman Sachs 83,509.37 327 3.88%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,066.59 123 8.86%
2 Deutsche Bank 22,255.37 84 7.03%
3 SG Corporate & Investment Banking 20,558.20 98 6.49%
4 UniCredit 17,012.87 79 5.37%
5 HSBC 16,282.49 91 5.14%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.80%
2 BNP Paribas 4,918.81 57 6.94%
3 Deutsche Bank 4,372.15 44 6.17%
4 JPMorgan 4,226.28 46 5.96%
5 Credit Suisse 3,757.05 40 5.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,454.25 115 5.77%
2 BNP Paribas 27,238.89 117 5.72%
3 JPMorgan 26,285.83 90 5.52%
4 Barclays 26,223.41 92 5.51%
5 Deutsche Bank 24,766.67 100 5.20%