New Issue-US Bancorp sells $1 bln in notes

July 22 (BestGrowthStock) – US Bancorp (USB.N: ) on Thursday sold $1
billion of senior holdco medium-term notes, said IFR, a Thomson
Reuters service.

Barclays, Morgan Stanley and US Bancorp were the joint
bookrunning managers for the sale.
BORROWER: US BANCORP
AMT $1 BLN COUPON 2.45 PCT MATURITY 7/27/2015
TYPE SR HOLDCO ISS PRICE 99.902 FIRST PAY 1/27/2011
MOODY’S Aa3 YIELD 2.471 PCT SETTLEMENT 7/27/2010
S&P A-PLUS SPREAD 78 BPS PAY FREQ SEMI-ANNUAL
FITCH AA-MINUS MORE THAN TREAS NON-CALLABLE

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New Issue-US Bancorp sells $1 bln in notes