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UPS announces that it will float a series of Senior Notes with 5-year, 10-year, and 30-year...

UPS announces that it will float a series of Senior Notes with 5-year, 10-year, and 30-year offerings planned for a total amount of $1.75B. The company isn't doing so bad for itself after it just saw an equal amount of bonds mature with a coupon rate of 4.50% compared to the rates of 1.125%, 2.45%, and 3.625% it's paying on the new issues, respectively.
Comments (1)
  • Old Trader
    , contributor
    Comments (5726) | Send Message
     
    Certainly, UPS isn't alone. A number of very large, financially strong firms have been taken advantage of the bargain basement rates currently available on debt.

     

    Also, what happened during 08/09 seems to have made it obvious to many firms that relying solely/mostly on banks for financing needs has its perils and pitfalls.
    26 Sep 2012, 05:26 PM Reply Like
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