By Laura Lutz
Des Moines, Nov. 21 - Wachovia Corp. priced a $260 million add on to its two-year floating-rate notes at three-month Libor plus 45 basis points.
This tranche priced at par.
The interest rate will be reset quarterly beginning on Feb. 24, 2008.
Wachovia Capital Markets, LLC is the bookrunner and lead manager on the deal. Jackson Securities LLC; RBC Capital Markets Corp.; and the Williams Capital Group LP are co-managers.
With the add on, the total outstanding size of the issue is now $1.11 billion.
| Issuer: | Wachovia Corp.
|
| Amount: | $260 million
|
| Maturity: | Nov. 24, 2009
|
| Security description: | Senior global medium-term notes
|
| Bookrunner: | Wachovia Capital Markets, LLC
|
| Co-managers: | Jackson Securities LLC, RBC Capital Markets Corp. and the Williams Capital Group LP
|
| Coupon: | Three-month Libor plus 45 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 45 bps
|
| Trade date: | Nov. 21
|
| Settlement date: | Nov. 27
|
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