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;

Stock News for Us Bancorp (USB)
06/27/201613:28:00U.S. Bank Offers Customers a More Rewarding Experience with Two...
06/24/201616:26:04Amended Current Report Filing (8-k/a)
06/24/201615:38:22Annual Report of Employee Stock Plans (11-k)
06/23/201617:48:00U.S. Bancorp Discloses Summary Results of Dodd-Frank Act Stress...
06/23/201617:00:00U.S. Bancorp Exceeds Fed's Minimum Capital Level Under Stress...
06/20/201612:35:00U.S. Bank Names Retail Veteran to Lead Omnichannel Experience...
06/15/201613:00:00U.S. Bancorp Announces Quarterly Dividends
06/13/201616:20:51Current Report Filing (8-k)
06/13/201614:00:00U.S. Bancorp Names Dolan as CFO
06/13/201613:48:00U.S. Bancorp Names Terry Dolan as Chief Financial Officer
06/13/201611:05:00U.S. Bancorp Appoints Terry Dolan as Chief Financial Officer;...
06/10/201613:00:00U.S. Bancorp to Release Second Quarter Earnings Results and Host...
06/08/201614:01:00U.S. Bank and MasterCard® Bring More Mobile Payment Choices...
06/07/201616:05:00U.S. Bancorp to Speak at the Morgan Stanley 2016 Financials Conference
06/03/201610:00:00Ascent Private Capital Management of U.S. Bank Names John Zimmerman...
06/02/201612:53:00Banks' True Currency: Trust
05/25/201616:15:00U.S. Bancorp to Speak at Bernstein's Annual Strategic Decisions...
05/19/201616:05:30Statement of Changes in Beneficial Ownership (4)
05/16/201617:47:53Current Report Filing (8-k)
05/13/201612:36:27Form 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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations