When: Today, Tuesday, September 10, 2013
Where: CNBC's "Street Signs"
Following is the unofficial transcript of breaking news from CNBC's Kayla Tausche.
Following is a link to the interview on CNBC.com: http://video.cnbc.com/gallery/?play=1&video=3000198125.
All references must be sourced to CNBC.
KAYLA TAUSCHE: I JUST WANT TO PROVIDE AN UPDATE ON THAT BECAUSE THE ORDER BOOK FOR THE VERIZON BOND DEAL WHICH IS SET TO BE THE BIGGEST DEAL IN THE US CORPORATE BOND MARKET IS SET TO CLOSE IN JUST ABOUT 10 MINUTES. I AM TOLD THE ORDERS ARE APPROACHING $100 BILLION AND THAT VERIZON IS EXPECTED TO UPSIZE THE BOND DEAL TO ROUGLY $30 TO $40 BILLION THOUGH MANAGEMENT HAS YET TO MAKE A DECISION ON THAT FRONT. MARKET SOURCES HAVE BEEN TOLD THAT THE DEAL WILL BE UPSIZED MEANING THAT IT IS NOT ONLY THE BIGGEST BOND DEAL BUT IT COULD BE A MULTIPLE OF WHAT APPLE DID IN APRIL AT $17 BILLION. I AM TOLD THERE IS THE MOST DEMAND FOR THE 10 YEAR AND 30 YEAR TRANCHES OF THESE BONDS AND OF COURSE THAT ORDER BOOK CLOSES AT 3PM AND IT IS APPROACHING $100 BILLION.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site athttp://www.nbcumv.com/mediavillage/networks/cnbc/