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| Verizon Shifts Debt to Longer Terms by Jeremy at 6:07 am EST, Mar 26, 2002 | |||
Verizon yesterday sold $1.5 billion of bonds with maturities as long as 30 years. Credit-rating companies [said] the company relied too much on short-term debt. ... The company is borrowing to reduce $12.8 billion in debt maturing in nine months or less. Who in the world is buying these notes? What are the investors thinking? Well, it's good news for Verizon, anyway. | |||
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