UPS shopping 3-part pension funding bond - NASDAQ
Package delivery company United Parcel Service is taking advantage of an attractive corporate bond market to fund its looming pension obligations.
UPS announced a three-part bond Tuesday expected to total some US$1.5bn, according to Moody's.
The five, 10 and 30-year notes came with initial price thoughts of Treasuries plus 90bp, 110bp and 150bp, respectively.
Package delivery company United Parcel Service is taking advantage of an attractive corporate bond market to fund its looming pension obligations.
UPS announced a three-part bond Tuesday expected to total some US$1.5bn, according to Moody's.
The five, 10 and 30-year notes came with initial price thoughts of Treasuries plus 90bp, 110bp and 150bp, respectively.
