UPS shopping 3-part pension funding bond

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 14, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    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.
     
  2. rod

    rod #1 on Upstates "list"

    If you read the fine print it says "continue bringing your own paper towels and TP to work.