Published on 12/6/2011 in the Prospect News Investment Grade Daily.
New Issue: Wells Fargo gives terms of $1.5 billion 2.625% five-year notes sold at 175 bps spread
By Andrea Heisinger
New York, Dec. 6 - Wells Fargo & Co. gave terms of its $1.5 billion sale of 2.625% five-year notes from Monday priced at a spread of Treasuries plus 175 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
The notes (A2/A+/) were priced at 99.744 to yield 2.68%. They are non-callable.
Wells Fargo Securities LLC was the bookrunner.
Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the senior co-managers.
Junior co-managers were ANZ Securities Inc., Barclays Capital Inc., CastleOak Securities LP, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., ING Financial Markets LLC, Lloyds Securities Inc., Loop Capital Markets LLC, nab Securities, LLC, RBC Capital Markets, LLC, Samuel A. Ramirez & Co., Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC, UBS Securities LLC and Williams Capital Group, LP.
The financial services company is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | Dec. 15, 2016
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Senior co-managers: | Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
|
| Junior co-managers: | ANZ Securities Inc., Barclays Capital Inc., CastleOak Securities LP, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., ING Financial Markets LLC, Lloyds Securities Inc., Loop Capital Markets LLC, nab Securities, LLC, RBC Capital Markets, LLC, Samuel A. Ramirez & Co., Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC, UBS Securities LLC, Williams Capital Group, LP
|
| Coupon: | 2.625%
|
| Price: | 99.744
|
| Yield: | 2.68%
|
| Spread: | Treasuries plus 175 bps
|
| Call: | Non-callable
|
| Trade date: | Dec. 5
|
| Settlement date: | Dec. 12
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
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