Monday, April 30, 2007

UPDATE 1-UPS offers to exchange 2031 stg bond for 2050 debt

(Reuters) - UPS said it was undertaking the exchange offer to give it greater financing flexibility by extending its debt maturity.

A special committee of the Association of British Insurers representing 44 percent of the existing notes has considered the deal and thinks it suitable to present to holders, the company said.


Read more at Reuters.com Bonds News

No comments: