Verizon stock price: VZ ticks up after new €2.25 billion and £600 million hybrid debt deal
Verizon shares rose 0.9% to $49.68 in late trading Monday after the company closed €2.25 billion and £600 million in junior subordinated note sales due 2056. Buyers included Barclays, Merrill Lynch International, and Citigroup. Verizon said proceeds may go toward general corporate purposes, including debt repayment. CFO Tony Skiadas is set to speak at a Barclays conference Tuesday morning.