Verizon priced a $49 billion bond offering today. This offering surpasses the combined price of the next three largest corporate bond offers in history. This bond will help the company secure the financing necessary to purchase Verizon Wireless from Vodafone.”No surprise at the market’s acceptance given how wide they bonds are being priced,” Joel Levington of Brookfield Investment Management said. “Current bondholder’s are the ones who are getting hurt from the new spreads and rating downgrades.”
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: