US Bancorp Issuing 10-Year Notes In US Market Tuesday -Source
February 28 2012 - 10:28AM
Dow Jones News
U.S. Bancorp. (USB) plans to sell 10-year, senior holding
company medium-term notes in the U.S. credit markets Tuesday,
according to a person familiar with the matter.
The notes, which are raising funds for general corporate
purposes, are expected to be rated Aa3 by Moody's Investors
Service, A by Standard & Poor's, AA-minus by Fitch Ratings, and
AA by DBRS.
The deal is registered with the Securities and Exchange
Commission.
U.S. Bancorp is underwriting the notes along with Barclays
Capital and Credit Suisse Group (CS, CSGN.VX).
-By Patrick McGee, Dow Jones Newswires; 212-416-2382;
patrick.mcgee@dowjones.com
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