(Reuters) -Verizon Communications is looking to raise about $10 billion in the corporate bond market to fund its $20 billion deal for Frontier, Bloomberg News reported on Monday, citing a person familiar with the matter.

The wireless carrier filed for a five-part bond sale, earlier in the day, without disclosing a size. Initial price discussions for the longest portion of the deal, a 40-year bond, are about 1.6 percentage points above Treasuries, the report said.

Verizon did not immediately respond to a Reuters request for comment.

The company agreed to buy Frontier last year for about $9.6 billion and absorb $10 billion in Frontier debt. It is looking to close its deal for the fiber-optic internet provider early next year, after receiving regulatory approval in May upon agreeing to end

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