Telecoms Spending on 5G May Open Door for More Bond Deals [telecom]

By Carolina Gonzalez and David Caleb Mutua

Corporate credit investors are bracing for another busy week in primary markets after Verizon Communications Inc. sold the largest investment-grade bond of the year.

Wall Street syndicate desks are projecting as much as $40 billion in fresh supply next week after $53.5 billion was raised this week, surpassing forecasts that called for as much as $50 billion. Verizon, the largest U.S. wireless carrier, contributed $25 billion of that tally to help finance purchases of 5G airwaves.

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