By Andrea Heisinger
Omaha, Dec. 3 - Wells Fargo & Co. priced $3 billion in 5.625% 10-year notes Monday to yield 183 basis points more than Treasuries, an informed source said.
The notes (Aa1/AA+/AA) priced at 99.584 to yield 5.68%.
Bookrunners were Citigroup, J.P. Morgan Securities Inc., Lehman Brothers and UBS Investment Bank.
Settlement is expected on Dec. 10.
The bank is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Notes
|
| Amount: | $3 billion
|
| Maturity: | Dec. 11, 2017
|
| Bookrunners: | Citigroup, J.P. Morgan Securities Inc., Lehman Brothers, UBS Investment Bank
|
| Coupon: | 5.625%
|
| Price: | 99.584
|
| Yield: | 5.68%
|
| Spread: | Treasuries plus 183 bps
|
| Call: | Non-callable
|
| Trade date: | Dec. 3
|
| Settlement date: | Dec. 10
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA
|
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