UPS Joins Blue-Chip Bond Market Rush Ahead of Holiday Weekend

-- United Parcel Service Inc. is tapping the US high-grade bond market on Monday with a benchmark deal as firms rush to sell bonds ahead of the Memorial Day holiday weekend.Ebrahim Raisi, Iranian President Confronting West, Dies at 63

UPS reported first-quarter profits in April that beat analysts’ estimates, as the courier’s headcount management and restructuring of its delivery routes began to bear fruit. Earlier this month, the shipping giant said that Chief Financial Officer Brian Newman will leave the company on June 1 to focus on his health.

The co-managers on the offering are minority-owned businesses Loop Capital, Ramirez Asset Management, Siebert, and Telsey Advisory Group, said UPS, declining to comment further.

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UPS Joins Blue-Chip Bond Market Rush Ahead of Holiday WeekendUnited Parcel Service Inc. is tapping the US high-grade bond market on Monday with a benchmark deal as firms rush to sell bonds ahead of the Memorial Day holiday weekend.
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