source: www.reuters.com

Nov 18, 2008 9:38am

NEW YORK, Nov 18 (Reuters) - Verizon Wireless is expected to sell bonds Tuesday via Banc of America Securities, Barclays, Citigroup and Morgan Stanley, according to IFR, a Thomson Reuters publication.

The two-part deal will be benchmark size, which is typically at least $1 billion. Pricing is expected Tuesday.

Verizon Wireless is rated "A2" by Moody's Investors Service and "A" by Standard & Poor's, or sixth-highest investment grade in the agencies' different scales.

he company, a joint venture between Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) and Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz), has said it planned to issue debt to help finance its planned $28.1 billion acquisition of privately held Alltel Corp. (Reporting by Ciara Linnane; Editing by James Dalgleish)