The Record-Breaking Verizon Bond Deal Is Bigger Than These 7 Economies
MarketWatch bond reporter Ben Eisen points out that the Verizon bond deal - the largest corporate bond offering ever, at $49 billion - is bigger than the entire economy of Luxembourg (which sports a GDP of $42 billion, according to the IMF).
To put the offering further into perspective, here are a few other economies smaller than the size of the Verizon deal, which prices today:
- Honduras (GDP $38 billion)
- Latvia (GDP $37 billion)
- Afghanistan (GDP $31.8 billion)
- Democratic Republic of Congo (GDP $27.5 billion)
- Jamaica (GDP $25.2 billion)
- Cyprus (GDP $23.6 billion)