Deals
UnitedHealth Sells $9 Billion of Bonds to Finance M&A
- Jumbo sale is the largest since Meta in early August
- Deal will help fund acquisition of Change Healthcare: Moody’s
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UnitedHealth Group Inc. sold $9 billion of bonds, the biggest US bond offering in months, signaling that there is still appetite for jumbo issuances from companies with top-tier ratings.
The health-care giant issued the debt in seven parts, according to people familiar with the matter. The longest-dated portion, a 40-year security, yields 185 basis points above Treasuries, after initial price talk in the 210 basis points range, said the people, who asked not to be identified as the details are private.