By Cristal Cody
Tupelo, Miss., May 22 – U.S. Bank NA priced $1 billion of three-year bank notes (A1/AA-/AA) in two tranches on Tuesday, according to a market source.
The company sold $500 million of floating-rate notes due May 21, 2021 at Libor plus 29 basis points.
U.S. Bank priced $500 million of 3.104% three-year notes at a spread of Treasuries plus 53 bps.
U.S. Bancorp Investments, Inc., RBC Capital Markets, LLC and UBS Securities LLC were the bookrunners.
U.S. Bank is a Cincinnati-based banking services company.
| Issuer: | U.S. Bank NA
|
| Amount: | $1 billion
|
| Description: | Bank notes
|
| Bookrunners: | U.S. Bancorp Investments, Inc., RBC Capital Markets, LLC and UBS Securities LLC
|
| Trade date: | May 22
|
| Ratings: | Moody’s: A1
|
| S&P: AA-
|
| Fitch: AA
|
|
|
| Three-year floaters
|
| Amount: | $500 million
|
| Maturity: | May 21, 2021
|
| Coupon: | Libor plus 29 bps
|
| Call feature: | Callable after two years
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | May 21, 2021
|
| Coupon: | 3.104%
|
| Spread: | Treasuries plus 53 bps
|
| Call feature: | Callable after two years
|
|
|
© 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.
