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NEW YORK (AFP) – Verizon plans a record $49 billion bond sale as it gathers financing to buy Vodafone’s stake in their Verizon Wireless joint venture, a person familiar with the matter said Wednesday.

The bond offering, which had originally been scaled to $25 billion before being increased, was expected to be priced and sold to investors Wednesday, the person told AFP.

The potential bond sale comes as Verizon seeks to finance its $130 billion buyout of Vodafone’s 45 percent stake in Verizon Wireless, the largest U.S. wireless provider. The partners announced the deal last week.

A Verizon spokesman declined comment.

If successful, the proposed bond sale would far surpass Apple’s $17 billion bond sale launched in April.

Hoiuse Speaker Nancy Pelosi

Photo by vpickering/ CC BY-NC-ND 2.0

Reprinted with permission from DailyKos

Appearing on ABC's This Week, House Speaker Nancy Pelosi honored the late Justice Ruth Bader Ginsburg by aptly describing her as a "brilliant brain" on the Supreme Court, reminded people that it's absolutely imperative to get out and vote this November, and the ongoing importance of battling the novel coronavirus pandemic. On the subject of the vacant Supreme Court seat, the Democrat from California didn't rule out launching an impeachment inquiry of Donald Trump (for the second time) or Attorney General Bill Barr, which would delay the Senate's ability to confirm a Supreme Court nominee of Trump's, either.

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