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USBANCORP USD 11.0YR FIG A FIXED TO FLOATING SYNDICATED BROWNIE BOND MARKET PLACEMENT (US91159HJD35)

Post Date: 27 January 2022
U.S. Bancorp has priced a syndicated USD denominated Brownie market bond which matures in 2033. 

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Issuer Details
Issuer U.S. Bancorp
LEI N1GZ7BBF3NP8GI976H15
Industry Bank - Diversified
Country United States
Issuer Description U.S. Bancorp (U.S. Bancorp) is a multi-state financial services holding company. It provides a range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. The Company operates in five segments: Wholesale Banking and Commercial Real Estate, Consumer and Small Business Banking, Wealth Management and Securities Services, Payment Services and Treasury and Corporate Support. In December 2011, its Elan Financial Services unit announced that it has completed the acquisition of the credit card assets of 28 financial institutions. In January 2012, the Company’s bank, U.S. Bank National Association, acquired the banking operations of BankEast, a subsidiary of BankEast Corporation, from the Federal Deposit Insurance Corporation (FDIC).
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Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Fixed To Floating
Coupon [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
Yield Notes [Login to see full details]
Trade Date [Login to see full details]
Settlement Date [Login to see full details]
Maturity Date [Login to see full details]

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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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