UnitedHealth Sells $3 Billion of Bonds in Year’s First Sale (2)

UnitedHealth Group Inc. sold $3 billion of investment-grade bonds Tuesday, in the big insurer’s first sale since a litany of issues fueled a near-halving of its stock price the past two months.

The longest portion of the four-part debt offering, a 30-year security, yields 1.12 percentage point above Treasuries, according to a person familiar with the matter, who asked not to be identified discussing a private matter. Initial price talk was for a spread of about 1.4 percentage point.

Since UnitedHealth was in the market last July with a $12 billion, eight-part bond sale, the company has weathered a series ...