Published on 9/6/2007 in the Prospect News Investment Grade Daily.
New Issue: Wells Fargo prices $250 million 5.3% notes due 2011 at 110 bps over Treasuries
By Andrea Heisinger
Omaha, Sept. 6 - Wells Fargo & Co. priced $250 million of 5.3% senior unsecured notes due 2011 on Thursday to yield 110 basis points more than Treasuries.
The notes (Aa1/AA+) have a price of 100.078 and a yield of 5.277%.
Wells Fargo is based in San Francisco and is a diversified financial services company.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Senior unsecured notes
|
| Amount: | $250 million
|
| Maturity: | Aug. 26, 2011
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 5.3%
|
| Price: | 100.078
|
| Yield: | 5.277%
|
| Spread: | 110 bps over Treasuries
|
| Trade date: | Sept. 6
|
| Settlement date: | Sept. 13
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
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