Discover Bank talks $500 million seven-year notes for Monday pricing

By Aleesia Forni

Virginia Beach, Aug. 4 – Discover Bank announced guidance for its planned $500 million offering of seven-year senior notes (Baa3/BBB/BBB) on Monday at 115 basis points to 120 bps over Treasuries, according to a market source.

Citigroup Global Markets Inc., Barclays and Credit Suisse Securities (USA) LLC are the joint bookrunners.

Discover Bank is the Chicago-based issuer of the Discover credit card and unit of Discover Financial Services.

© 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.