By Cristal Cody
Tupelo, Miss., Oct. 19 – U.S. Bank NA priced $1.5 billion of three-year fixed- and floating-rate senior bank notes (A1/AA-/AA-) on Thursday, according to a market source.
The company sold $300 million of three-year floaters at Libor plus 14 basis points.
U.S. Bank placed $1.2 billion of 2.05% three-year fixed-rate notes at a spread of Treasuries plus 37 bps.
Goldman Sachs & Co., Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. were the bookrunners.
The commercial bank is based in Cincinnati.
| Issuer: | U.S. Bank NA
|
| Amount: | $1.5 billion
|
| Description: | Senior bank notes
|
| Bookrunners: | Goldman Sachs & Co., Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc.
|
| Trade date: | Oct. 19
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: AA-
|
|
|
| Three-year floaters
|
| Amount: | $300 million
|
| Maturity: | Oct. 23, 2020
|
| Coupon: | Libor plus 14 bps
|
|
|
| Three-year notes
|
| Amount: | $1.2 billion
|
| Maturity: | Oct. 23, 2020
|
| Coupon: | 2.05%
|
| Spread: | Treasuries plus 37 bps
|
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