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Published on 3/28/2011 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Wells Fargo calls $1.3 billion California 7% capital securities

By Melissa Kory

Cleveland, March 28 - Wells Fargo said it will redeem its $1.3 billion of capital IV California 7% certificate evidencing capital securities due Sept. 1, 2031.

The securities will be redeemed on April 25 at par, plus accrued interest to the redemption date.


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