By Andrea Heisinger
New York, Aug. 21 - Wells Fargo & Co. priced $300 million three-year floating-rate notes Thursday at par to yield three-month Libor plus 65 basis points, an informed source said.
The medium-term notes have interest paid quarterly.
Goldman Sachs & Co. was the agent.
The financial services company is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $300 million
|
| Maturity: | Aug. 29, 2011
|
| Agent: | Goldman Sachs & Co.
|
| Coupon: | Three-month Libor plus 65 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 65 bps
|
| Trade date: | Aug. 21
|
| Settlement date: | Aug. 28
|
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