U.S. Bancorp, United, National Rural, Discover, Nevada Power and Comerica price notes

By Devika Patel

Knoxville, Tenn., Jan. 28 – On Monday, the high-grade primary market saw six new deals pricing.

Minneapolis-based U.S. Bancorp issued $1.3 billion of five-year 3.375% senior notes (A1/A+/AA); Chicago-based airline United Airlines Inc. priced $1.01 billion of pass-through certificates in two parts; and Herndon, Va.’s National Rural Utilities Cooperative Finance Corp., a market lender for electric cooperatives, sold $950 million of collateral trust bonds (A1/A/A+) in two tranches.

In addition, Riverwoods, Ill.-based direct banking and payment services company Discover Financial Services sold $600 million of seven-year 4.5% senior notes (Baa3/BBB-/BBB+); Nevada Power Co., an electric subsidiary of Las Vegas-based NV Energy, Inc., priced $500 million of 3.7% series CC general and refunding mortgage notes (A2/A+/) due May 1, 2029; and Dallas-based financial services company Comerica Inc. sold $350 million of 10-year 4% senior notes (A3/BBB+/A).

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