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Information technology services industry

Verizon Communications Inc. Offers Senior Unsecured Notes to the Public

Strategic Insights

— 1 min read

Verizon Communications Inc. recently announced its intention to offer senior unsecured notes to the public, with two series of notes available for purchase. The first series, with a principal amount of $100.00%, carries a 2.000% coupon rate, while the second series, with a principal amount of $100.00%, has a 3.150% coupon rate. Both series are fixed rate notes, with semi-annual interest payments due on June 15th of each year, starting from December 15, 2021. The notes will mature on June 15, 2033, and June 15, 2051, respectively.

Key Takeaways:

  • Verizon Communications Inc. is issuing senior unsecured notes to the public, with two series available for purchase.
  • The first series of notes has a principal amount of $100.00%, a 2.000% coupon rate, and matures on June 15, 2033.
  • The second series of notes has a principal amount of $100.00%, a 3.150% coupon rate, and matures on June 15, 2051.
  • Both series of notes will make semi-annual interest payments due on June 15th of each year, starting from December 15, 2021.
  • The notes are callable at 100% on June 15, 2022, and any time thereafter with 10 calendar days' notice.
  • The minimum denomination for the notes is $1,000.00, and they will settle flat and clear through the Depository Trust Company (DTC) via RBC Dain Rauscher Inc.

Statistics:

  • Principal amount of the first series of notes: $100.00%
  • Coupon rate of the first series of notes: 2.000%
  • Maturity date for the first series of notes: June 15, 2033
  • Principal amount of the second series of notes: $100.00%
  • Coupon rate of the second series of notes: 3.150%
  • Maturity date for the second series of notes: June 15, 2051
  • Minimum denomination for the notes: $1,000.00
  • Settle date: Friday, June 4, 2021

Sources:

  • (EDGAR Online via COMTEX) -- Preliminary Pricing Supplement No. 87 - Dated Monday, May 24, 2021
  • Verizon Communications Inc. Prospectus dated September 4, 2019
  • Comtex News Network, Inc. As of Thursday, 05-20-2021 23:59, the latest Comtex SmarTrend Alert

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