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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. Bancorp will sell senior unsecured bonds worth $1 billion, Reuters reports. 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, adds The Wall Street Journal. Morgan Stanley, Deutsche Bank and U.S. Bancorpwere the joint book-runners for the transaction.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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