By Andrea Heisinger
New York, Dec. 5 - Wells Fargo & Co. sold $1.5 billion of 2.625% five-year notes on Monday at a spread of Treasuries plus 175 basis points, a source close to the trade said.
Full terms were not available at press time.
The notes (A2/A+/) were priced to yield 2.68%.
Wells Fargo Securities LLC was the bookrunner.
The financial services company is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | 2016
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Coupon: | 2.625%
|
| Yield: | 2.68%
|
| Spread: | Treasuries plus 175 bps
|
| Trade date: | Dec. 5
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
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