By Andrea Heisinger
New York, Feb. 22 - Wells Fargo & Co. priced $1.25 billion of five-year floating-rate medium-term notes (A2/A+/AA-) on Wednesday at par to yield Libor plus 110 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are non-callable.
Wells Fargo Securities LLC was the bookrunner, with Castle Oak Securities LP and Williams Capital Group LP as the co-managers.
The financial services company is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Medium-term floating-rate notes
|
| Amount: | $1.25 billion
|
| Maturity: | Feb. 27, 2017
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Co-managers: | Castle Oak Securities LP, Williams Capital Group LP
|
| Coupon: | Libor plus 110 bps
|
| Price: | Par
|
| Yield: | Libor plus 110 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 22
|
| Settlement date: | Feb. 27
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
© 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.
