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GC Asia
Verizon’s $6.5bn widens after punchy 2bp NIP
The US high grade bond market may have shrugged off last week’s volatility this week, but Verizon Communications found investors in determined mood.
The telecoms giant demonstrated the strength and depth of the high grade market when it printed a $6.5bn blockbuster on Wednesday with a 2bp new issue premium, but the aggressive pricing backfired when each of the three tranches traded 5bp-7bp wider on
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Latest news from Corporate Bonds
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