Published on 12/14/2007 in the Prospect News Investment Grade Daily.
New Issue: Wachovia prices $250 million add on to 5.75% notes to yield 5.98%
By Sheri Kasprzak
New York, Dec. 14 - Wachovia Corp. priced a $250 million add on to its 5.75% notes due June 15, 2017 at 98.352% to yield 5.98%.
Wachovia Capital Markets was the bookrunner with Cabrera Capital Markets and Guzman & Co. as the co-managers.
The total issue size is now $1.95 billion.
| Issuer: | Wachovia Corp.
|
| Issue: | Add on notes
|
| Amount: | $250 million (issue size is now $1.95 billion)
|
| Maturity: | June 15, 2017
|
| Coupon: | 5.75%
|
| Price: | 98.352%
|
| Yield: | 5.98%
|
| Bookrunner: | Wachovia Capital Markets, LLC
|
| Co-managers: | Cabrera Capital Markets, LLC; Guzman & Co.
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 18
|
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