02:19 PM EDT, 07/23/2024 (MT Newswires) -- UnitedHealth Group ( UNH ) is issuing bonds for $12 billion to refinance its short-term debt and the notes will be sold in eight parts, Bloomberg reported Tuesday, citing a person familiar with the matter.

The longest offering extends over 40 years with a yield of 1.3 percentage points above Treasuries, the person was quoted as saying.

Proceeds from the bonds will be used for general corporate purposes, including refinancing of short-term debt and repayment of outstanding securities, the report added, citing the person.

UnitedHealth ( UNH ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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