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United Parcel Services issues $1.5B in senior notes

United Parcel Service Inc. on Aug. 13 issued senior notes totaling $1.5 billion.

The issuance comprises $400 million of 2.20% notes due 2024, $400 million of 2.50% notes due 2029 and $700 million of 3.40% notes due 2049.

The company intends to use the net proceeds to repay commercial paper liabilities, make early contributions to its primary domestic pension plans and for general corporate purposes.