Discover Financial Services, founded in 1985 and headquartered in Riverwoods, Illinois, operates as a direct banking and payments services company. The firm is primarily known for its credit card offerings, including the Discover card, alongside various banking products such as personal loans, student loans, and savings accounts.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DFS 3.75% 2025-03-04 USDDiscover Financial Services | United States | 2025-03-04 | 3.750 | 0.00 |
| DFS 4.10% 2027-02-09 USDDiscover Financial Services | United States | 2027-02-09 | 4.100 | 3.94 |
| DFS 4.50% 2026-01-30 USDDiscover Financial Services | United States | 2026-01-30 | 4.500 | 4.59 |
| DFS 5.50% Perpetual USDDiscover Financial Services | United States | Perpetual | 5.500 | 8.36 |
| DFS 6.70% 2032-11-29 USDDiscover Financial Services | United States | 2032-11-29 | 6.700 | 4.84 |
| DFS 7.96% 2034-11-02 USDDiscover Financial Services | United States | 2034-11-02 | 7.964 | 5.41 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Discover has actively entered the bond market since its inception, with notable issuances beginning in the late 1990s. In 2018, the company issued $750 million in senior notes with a maturity of 2023, which were highly sought after by investors due to their competitive yields compared to industry averages. Discover's bond offerings also include unique features such as calls and puts, reflecting its strategic financial planning and adaptability in response to market conditions. Recently, they have focused on sustainable financing options, aligning with growing investor interest in environmental, social, and governance (ESG) criteria.