New Issue: Wachovia sells $750 million 7.85% 60-year preferreds at par of $25

By Andrea Heisinger

Omaha, Nov. 14 - Wachovia Capital Trust X priced $750 million 7.85% 60-year trust preferred securities Wednesday at par of $25, an informed source said.

The securities (A1/A/A+) are non-callable until Dec. 15, 2012.

Wachovia Securities was the bookrunner.

Issuer:	Wachovia Capital Trust X
Issue:	Trust preferred securities
Amount:	$750 million
Maturity:	Dec. 1, 2067
Bookrunner:	Wachovia Securities
Coupon:	7.85%
Price:	Par of $25
Call:	Non-callable until Dec. 15, 2012
Trade date:	Nov. 14
Settlement date:	Nov. 21
Ratings:	Moody's: A1
	Standard & Poor's: A
	Fitch: A+

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