By Andrea Heisinger
New York, Dec. 18 - Wells Fargo & Co. was in Tuesday's market with a $1.25 billion sale of 1.5% five-year senior holding company notes priced to yield Treasuries plus 78 basis points, a market source said.
The notes (A2/A+/AA-) were sold tighter than talk in the Treasuries plus 85 bps area.
Pricing was at 99.82 to yield 1.537%. There is no call option.
Wells Fargo Securities LLC was the bookrunner.
The San Francisco-based financial services company was last in the straight bond market with a $2.75 billion sale of three-year notes in two tranches on June 20.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Senior holding company notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 16, 2018
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Coupon: | 1.5%
|
| Price: | 99.82
|
| Yield: | 1.537%
|
| Spread: | Treasuries plus 78 bps
|
| Call: | Non-callable
|
| Trade date: | Dec. 18
|
| Settlement date: | Dec. 26
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
| Price talk: | 85 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
