Verizon seeks $10 billion from bond sale to fund Frontier deal: Report

Verizon Communications is looking to raise about $10 billion in the corporate bond market to fund its $20 billion deal for Frontier, Bloomberg News reported on Monday, citing a person familiar with the matter.

The wireless carrier filed for a five-part bond sale, earlier in the day, without disclosing a size. Initial price discussions for the longest portion of the deal, a 40-year bond, are about 1.6 percentage points above Treasuries, the report said.