By Sheri Kasprzak
New York, Nov. 9 - Wells Fargo & Co. sold $1 billion of series I medium-term floating-rate notes Wednesday, according to a 424B2 filing with the Securities and Exchange Commission.
The notes were priced at par to yield Libor plus 127 basis points.
Wells Fargo Securities LLC was the bookrunner. Co-managers were CastleOak Securities LP and Ramirez & Co. Inc.
Proceeds will be used for general corporate purposes.
Issuer: | Wells Fargo & Co.
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Issue: | Series I medium-term floating-rate notes
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Amount: | $1 billion
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Maturity: | Nov. 17, 2016
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Bookrunner: | Wells Fargo Securities LLC
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Co-managers: | CastleOak Securities LP, Ramirez & Co. Inc.
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Coupon: | Libor plus 127 bps
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Price: | Par
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Yield: | Libor plus 127 bps
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Pricing date: | Nov. 9
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Settlement date: | Nov. 17
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