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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