New Issue: Wells Fargo prices C$1 billion 2.094% five-year senior notes at 109 bps spread

By Cristal Cody

Tupelo, Miss., April 18 – Wells Fargo & Co. sold C$1 billion of 2.094% five-year senior notes on Tuesday at par to yield 109 basis points over the Government of Canada bond curve, according to an FWP filing with the Securities and Exchange Commission.

The notes (A2/A/DBRS: AA) are due April 25, 2022.

TD Securities Inc., Wells Fargo Securities Canada, Ltd., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. were the bookrunners.

The financial services company is based in San Francisco.

Issuer:	Wells Fargo & Co.
Amount:	C$1 billion
Description:	Senior notes
Maturity:	April 25, 2022
Bookrunners:	TD Securities Inc., Wells Fargo Securities Canada, Ltd., BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
Co-managers:	National Bank Financial Inc., RBC Dominion Securities Inc. and Scotia Capital Inc.
Coupon:	2.094%
Price:	Par
Yield:	2.094%
Spread:	109 bps over Government of Canada bond curve or 111.5 bps over government benchmark
Trade date:	April 18
Settlement date:	April 25
Ratings:	Moody’s: A2
	S&P: A
	DBRS: AA
Distribution:	SEC registered, Alberta private placement

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