By Andrea Heisinger
New York, Nov. 17 - US Bancorp priced $500 million of 2.875% five-year notes on Tuesday to yield Treasuries plus 80 basis points, a source away from the sale said.
The notes (Aa3/A+/) priced at 99.529. Full terms were not available at press time.
Bookrunners were Barclays Capital Inc. and UBS Securities.
The financial services company is based in Minneapolis.
| Issuer: | US Bancorp
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 20, 2014
|
| Bookrunners: | Barclays Capital Inc., UBS Securities
|
| Coupon: | 2.875%
|
| Price: | 99.529
|
| Spread: | Treasuries plus 80 bps
|
| Trade date: | Nov. 17
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
