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UPS launches $2bn notes in two-part sale

UPS has launched $2bn notes in a two-part sale, according to IFR, a Thomas Reuters service.

UPS has launched $2bn notes in a two-part sale, according to IFR, a Thomas Reuters service.

The offering includes $1bn in five-year notes expected to yield 230 basis points over US Treasuries and $1bn in 10-year notes expected to yield 255 basis points over Treasuries.

The joint lead managers on the sale are Citigroup Global Markets and JPMorgan.


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