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Leading bond-fund managers Pacific Investment Management Co. and BlackRock bought about $13 billion of the debt Verizon Communications sold in its record $49 billion bond offering, The Wall Street Journal reported on Thursday, citing people familiar with the matter.
Pimco, a unit of Germany's Allianz, bought about $8 billion of the bonds, while BlackRock purchased about $5 billion, the Journal said, citing the people.
Both firms discussed interest rates on Verizon's debt early on with the company and the bankers involved in selling the bonds, the daily reported.
(Read more: Verizonprices record-breaking $49 billion bond deal)
Pimco, BlackRock and Verizon were not immediately available for comment when reached by Reuters.
Verizon, the world's biggest telecom company, set a new record for the largest corporate debt offering when it launched the $49 billion, eight-tranche bond on Wednesday, partly to finance the $130 billion buyout of its wireless operations from Vodafone Group.
The offering drew a total of $101 billion in orders from pension funds, endowments, institutional buyers and wealth managers hungry for higher-yielding securities.
The final size of the bond was at the top end of the $45 billion to $49 billion range that the market expected, following demand in excess of $100 billion.