U.S. Bancorp plans $500 million debt issue.

WASHINGTON - U.S Bancorp, Portland, Ore., fileda shelf registration with the Securities and Exchange Commission for up to $500 million of subordinated debt securities

Net proceeds would be used for general corporate purposes including investments in or extensions of credit subsidiaries, acquisitions of other banking and financial institutions, and repayment of borrowings.

No underwriters were listed in the filing.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER