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: Verizon prices record-breaking $49 billion bond deal)