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U.S. Bancorp To Raise $1B In Note Sale

U.S. Bancorp will sell senior unsecured bonds worth $1 billion.

    U.S. Bancorpwill sell senior unsecured bonds worth $1 billion,Reutersreports. The notes, carrying a coupon rate of 4.125%, are due to mature on May 24, 2021.

    
        
    The bank intends to use the proceeds to repay outstanding debt securities apart from general corporate purposes, addsThe Wall Street Journal.Morgan Stanley,Deutsche Bankand U.S. Bancorpwere the joint book-runners for the transaction.
    
        
    Click here for the story fromThe Wall Street Journal.
    
        
    Click here for additional coverage fromReuters.
    
       
    
       
      
    
      
    
       
    
        
       
    
      
    
     
    
     
    
      
      
    
       
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