OREANDA-NEWS. February 13, 2014. Verizon Communications Inc. (NYSE, Nasdaq: VZ) closed its sale of USD 500 million of retail notes to a large number of investors in a transaction involving 21 underwriting firms. Verizon sold the retail notes in USD 25 increments and expects to list the notes on the New York Stock Exchange within the next 30 days.

The retail notes are designed to permit individual investors the opportunity to easily and affordably purchase Verizon debt. This is Verizon’s first offering of retail notes in more than a decade.

The retail notes will mature on Feb. 15, 2054, and are subject to a call option five years after their issuance. Verizon will pay quarterly interest on the notes at a rate of 5.9 percent per year. Further information is available in a prospectus posted on Jan. 31 at www.verizon.com/investor/secfiling.htm.