ADVFN - Advanced Financial Network.
HOME» NYSE » U » USB Stock Price » USB Stock News

Us Bancorp Share News

 U.s. Bancorp (de) Stock Price
USB Stock Price
 U.s. Bancorp (de) Stock Chart
USB Stock Chart
 U.s. Bancorp (de) Stock News
USB Stock News
 U.s. Bancorp (de) Company Information
USB Company Information
 U.s. Bancorp (de) Stock Trades
USB Stock Trades

ABB, US Bancorp Propel Corporate Bond Issuance To Five-Week High

By Patrick McGee Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Two issuers placed jumbo deals in the high-grade corporate bond market Thursday, but new volume otherwise slowed down as participants digested a flurry of issuance from earlier in the week. The financing arm of power and technology company ABB Ltd. (ABBN.VX) sold $2.5 billion in a three-part debt deal, while U.S. Bancorp. (USB) priced $1.25 billion in a single tranche of five-year debt. The deals follow the fifth-busiest session for new issuance this year. Six large borrowers tapped the market Wednesday, pricing more than $12 billion of debt. With today's new deals, new issuance for the week is around $21 billion, according to Dealogic, making it the busiest week since late March. April volume was subdued given renewed market volatility coupled with earnings-related "blackout" periods preventing companies from selling bonds. Investors who have been building up cash have been rewarding recent-issues with favorable pricing. ABB priced its five-, 10-, and 30-year bonds at 95 basis points, 120 basis points, and 145 basis points respectively over comparable Treasurys. The respective yields were 1.772%, 3.129%, and 4.568%. The U.S. Bancorp deal was sold at a yield of 1.689%, or 87.5 basis points over Treasurys. Among smaller deals, Korea Western Power Co. sold a $500 million five-year bond at a yield of 235 basis points over comparable Treasurys, or 3.169%. The deal was at least five times oversubscribed. Meanwhile, bonds weakened in the secondary market ahead of April's nonfarm payrolls report, due Friday at 8:30am EST. The CDX North America Investment-Grade Index, a barometer of sentiment in the corporate bond market, deteriorated 1.9% in late trading. -By Patrick McGee, Dow Jones Newswires; 212-416-2382; patrick.mcgee@dowjones.com

Stock News for Us Bancorp (USB)
DateTimeHeadline
05/23/201520:20:02The Best Business Model for Banks
05/23/201513:24:02Warren Buffett Just Bought More Of These Two Bank Stocks. Should...
05/22/201510:40:27Other Filing (40-app/a)
05/21/201509:45:02How One Stock Has Crushed the Competition For 10 Years Running
05/20/201516:00:00U.S. Bancorp to Present at Bernstein's Annual Strategic Decisions...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201508:06:02The Competitive Advantage of the Best Bank Stocks
05/18/201517:17:28Current Report Filing (8-k)
05/16/201508:07:033 Best-of-Breed Bank Stocks
05/15/201516:15:00U.S. Bancorp to Release Second Quarter Earnings Results and Host...
05/15/201509:00:00U.S. Bank, REI Renew Multi-Year Contract
05/14/201512:05:00U.S. Bank Marks Fourth Anniversary of European Commercial Card...
05/14/201510:10:02Warren Buffett's Portfolio: 2 Financial Companies the Oracle...
05/13/201513:12:023 Stock Market Tips for Investing in Bank Stocks
05/12/201516:05:00U.S. Bancorp to Present at the Barclays Americas Select Franchise...
05/11/201518:39:456 Best Bank Stocks by Book Value
05/11/201517:53:066 Best Bank Stocks by Book Value
05/11/201516:16:22Statement of Changes in Beneficial Ownership (4)
05/10/201514:09:02When Will Bank of America Get the Hint? Taking Advantage of Customers...
05/08/201515:47:52Form 13f Holdings Report (13f-hr)

Us Bancorp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad