The much anticipated jumbo $20 billion to $35 billion Verizon Communications bond issue could be announced as early as this afternoon, several market sources said on Monday.
Talk is that the transaction has the potential to have 10 tranches, the sources said.
"The announcement sounds like it could get accelerated to this afternoon," said one investment grade syndicate manager away from the deal. "The world knows the trade is coming and meetings can still go on. They may as well get it out there and get investors involved."