Verizon's scrapped European bond disappoints investors  Wed Sep
11, 2013 2:22pm EDT  * Investor hopes for large premium on
euro/sterling bonds dashed  * Euro telco bonds rally on
postponement news  * Bankers not involved relieved for league
table reasons  By Josie Cox  LONDON, Sept 11 (IFR) - European
investors were left disappointed by Verizon's decision to scrap
its euro and sterling bond issuance plans on Wednesday, having
hoped the borrower would offer them juicy concessions comparable
to those on the dollar notes.  Bankers had originally said that
euro and sterling bonds would account for about USD5-10bn
equivalent of the USD49bn debt package, but after receiving more
than USD100bn orders, from over 800 investors, Verizon opted to
print just dollars, avoiding expensive currency swap costs.  "I
would have preferred to see euro and sterling tranches as I
would likely have been able to secure more paper," said Jens
Vanbrabant a London-based portfolio manager at ECM Asset
Management.  "I am very disappointed