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 retired and happy

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