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U.S. Bank National Association has announced the redemption of all its outstanding Floating Rate Senior Notes due on June 2, 2023. The redemption, scheduled for June 2, 2022, will be at a price of $1,000 per $1,000 principal amount, including any accrued interest. Payment will be processed through The Depository Trust Company. As of March 31, 2022, U.S. Bancorp holds approximately $587 billion in assets and operates through various banking sectors, recognized for its ethical practices and customer service.
Positive
Redemption of Floating Rate Senior Notes indicates active debt management.
Maintaining a strong asset base of $587 billion as of March 31, 2022.
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None.
MINNEAPOLIS--(BUSINESS WIRE)--
U.S. Bank National Association today announced the redemption on June 2, 2022, of all its outstanding Floating Rate Senior Notes due June 2, 2023 (CUSIP No. 90331HPM9). The redemption price for the Senior Notes will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest to, but excluding, the redemption date of June 2, 2022.
Payment of the redemption price for the Senior Notes will be made through the facilities of The Depository Trust Company.
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $587 billion in assets as of March 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.
Investor contact: Jennifer Thompson, U.S. Bancorp Investor Relations
jen.thompson@usbank.com, 612.303.0778, @usbank_news
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and Communications jeffrey.shelman@usbank.com, 612.303.9933, @usbank_news
Source: U.S. Bank
FAQ
What did U.S. Bank announce on June 2, 2022?
U.S. Bank announced the redemption of all its outstanding Floating Rate Senior Notes due June 2, 2023.
What is the redemption price for U.S. Bank's Senior Notes?
The redemption price for U.S. Bank's Senior Notes is $1,000 per $1,000 original principal amount, plus accrued interest.
How does U.S. Bank manage its Senior Notes redemption?
Payment for the redemption will be conducted through The Depository Trust Company.
What are U.S. Bancorp's total assets as of March 31, 2022?
U.S. Bancorp's total assets are approximately $587 billion as of March 31, 2022.
What sectors does U.S. Bancorp serve?
U.S. Bancorp serves through Consumer and Business Banking, Payment Services, Corporate & Commercial Banking, and Wealth Management and Investment Services.
