Published on 10/24/2007 in the Prospect News Investment Grade Daily.
New Issue: Wells Fargo prices $100 million five-year floaters at Libor plus 30 bps
By Andrea Heisinger
Omaha, Oct. 24 - Wells Fargo & Co. priced $100 million of five-year floating-rate medium-term notes (Aa1/AA+) on Wednesday at par to yield three-month Libor plus 30 basis points, according to a Securities and Exchange Commission filing.
Bear Stearns & Co. was the bookrunner.
The bank is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $100 million
|
| Maturity: | Oct. 31, 2012
|
| Bookrunner: | Bear Stearns & Co.
|
| Coupon: | Three-month Libor plus 30 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 30 bps
|
| Trade date: | Oct. 24
|
| Settlement date: | Oct. 31
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
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