Verizon raised $49 billion in the largest corporate bond deal ever Wednesday Sep 11,2013

Verizon raised $49 billion on Wednesday Sep 11,2013 in the largest corporate bond deal ever. 

Verizon’s bond sale was huge in every way- The offering is nearly triple Apple’s sale. The debt will come due at eight different times, from three to 30 years

Verizon did have to pay a hefty price to investors. It priced $11 billion of its 10-year notes at a yield of 5.19 percent, according to a deal document obtained by The Associated Press. That is well above the 4.51 percent yield for similar bonds Verizon had issued previously

The sale dwarfs the previous record, Apple’s sale of $17 billion in bonds in April 2013 and proceeds from
the sale on Wednesday Sep 11,2013 will help Verizon buy the rest of its U.S. wireless business from partner Vodafone

About Verizon Communications

Verizon Communications Inc branded as Verizon  is a US Broadband and Telecommunications Company with its HQ in New York City,New York,USA

On September 21, 1999, Bell Atlantic and UK-based Vodafone AirTouch Plc (now Vodafone Group Plc) announced that they had agreed to create a new wireless business with a national footprint, a single brand and a common digital technology – composed of Bell Atlantic's and Vodafone's U.S. wireless assets (Bell Atlantic Mobile (which was previously called Bell Atlantic-NYNEX Mobile by 1997),Airtouch Cellular, PrimeCo Personal Communications, and Airtouch Paging). This wireless joint venture received regulatory approval in six months, and began operations as Verizon Wireless on April 4, 2000, kicking off the new "Verizon" brand name.

Bell Atlantic merged with GTE on June 30, 2000 and changed its name to Verizon Communications Inc. It was among the largest mergers in United States business history.