The $49,000,000,000 Loan

Posted: September 18, 2013 in Debt, Economics, Paper money
Tags: ,

Last week, US telecoms giant Verizon raised a record $49 billion in debt capital through the sale of bonds, in order to finance the purchase of Vodafone’s share of the Verizon Wireless joint venture between the two transatlantic rivals.

This is the most any company has ever issued in corporate history, effectively taking out a loan to this value. It shows that debt really has few limits (ever multiplying exponentially), this article says it all really, note the statistics mentioned, especially those demonstrating the magnitude of this debt pile.

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