Verizon Sells a Record $49 Billion Worth of Bonds

Verizon’s $49 billion bond offering sparked a frenzy across Wall Street as investors clamored to buy a piece of the largest corporate debt sale in history. Lured by what many saw as a bargain price, buyers placed orders for about $100 billion of the new bonds, and trading in the market afterward was frenetic. Verizon bonds were the most-traded for the day, with billions of dollars' worth changing hands.