Capitalizing on the low interest rates in Europe, Verizon went to the European bond market to raise funds.

Verizon Communications, the largest wireless service operator in the United States, is adding to this year's record-breaking "reverse Yankee" bond supply by planning to issue two tranches of euro-denominated bonds. This move marks the company's first return to the European bond market in nearly a year and a half. Verizon will issue bonds maturing in 2032 and 12 years, taking advantage of the lower European interest rates compared to the United States to lock in financing costs at cheaper euro differentials, while also diversifying its investor base and hedging some currency risks.