US Bancorp takes €1bn chunk on euro debut

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By Tyler Davies
31 May 2017

US Bancorp was able to raise €1bn of new funding on its first trip to the euro market for senior unsecured this week, as US names look to diversify their investor base away from dollars.

Bookrunners Barclays, Citi, UBS and US Bancorp put out initial price thoughts of mid-swaps plus 60bp area for the seven year senior offering, but they were able to revise the spread to a guidance range of 45bp-50bp. The leads then set a final spread at ...

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