Verizon Communications Inc (VZ) 2021-2

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR1,000.0008Mar-29Sr. UnsecuredBaa1BBB+A-FixedSwapsMS+80-85MS+60 a550.38%-99.67000
EUR1,000.00011Mar-32Sr. UnsecuredBaa1BBB+A-FixedSwapsMS+100-105MS+80 a750.75%-99.31900
EUR750.00014.5Sep-35Sr. UnsecuredBaa1BBB+A-FixedSwapsMS+120-125MS+105 a1001.13%598.45800
Tranche Comments
8 yr: Book size: 2400; Registration: Registered; Comments: EUR1bn 8yr snr unsec SEC Regd. Part of 8/11/14.5yr 3-tr. Baa1/BBB+/A-. BofA(B&D)/GS/JPM/MS. IPTs MS+80/+85, guidance MS+60 area for exp 750m-1bn, launch 1bn at MS+55, bk >2.4bn pre rec @guidance, 3mPC, MWC B+15. DBR 0.25% Feb-29 (105.955) +90.3bps / HR 94%. FTT 7.45am Tues. LEI: 2S72QS2UO2OESLG6Y829; 11 yr: Book size: 2750; Registration: Registered; Comments: EUR1bn 11yr snr unsec SEC Regd. Part of 8/11/14.5yr 3-tr. Baa1/BBB+/A-. BofA(B&D)/GS/JPM/MS. IPTs MS+100/+105, guidance MS+80 area for exp 750m-1bn, launch 1bn @MS+75, bk >2.75bn pre rec @guidance, 3mPC, MWC B+20. DBR 0% Feb-31 (103.465) +115.8bps / HR 101%. FTT 7.45am Tues. LEI: 2S72QS2UO2OESLG6Y829; 14.5 yr: Book size: 2500; Registration: Registered; Comments: EUR750m 14.5yr snr unsec SEC Regd. Part of 8/11/14.5yr 3-tr. Baa1/BBB+/A-. BofA(B&D)/GS/JPM/MS. IPTs MS+120/+125, guidance MS+105 area for max 750m, launch 750m @ MS+100, bk >2.5bn pre rec @guidance, MWC B+25. 3mPC. DBR 0% May-35 (101.565) +135.2bps / HR 92%. FTT 7.45am Tues. LEI: 2S72QS2UO2OESLG6Y829;
Use of Proceeds
Repay debt and general corporate purposes

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