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Discover prices, announces note offerings

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Discover prices, announces note offerings

Discover Financial Services has priced an offering of about $1.1 million of 3.700% senior unsecured notes due Feb. 15, 2024, and about $3.6 million of 4.250% senior unsecured notes due Feb. 15, 2030.

The trade date for the notes was Feb. 20, and the settlement date is Feb. 23. The net proceeds were about $1.1 million from the sale of the 3.700% notes and about $3.6 million from the issuance of the 4.250% notes.

The company has also filed a preliminary pricing supplement for an undisclosed amount of 3.800% senior unsecured notes due March 15, 2024, and 4.350% senior unsecured noted due March 15, 2030.

The trade date is Feb. 26, and the settlement date is March 1.

Incapital LLC serves as lead manager for the offerings. Bank of America Merrill Lynch, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors and Citigroup act as agents.