Published on 3/10/2014 in the Prospect News Investment Grade Daily.
New Issue: Wells Fargo prices $200 million five-year floaters at Libor plus 50 bps
By Aleesia Forni
Virginia Beach, March 10 - Wells Fargo & Co. priced $200 million of medium-term floating-rate notes, series L, due March 18, 2019 on Monday to yield Libor plus 50 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
The notes sold at par.
Wells Fargo Securities LLC was the bookrunner.
Wells Fargo is a San Francisco-based bank.
| Issuer: | Wells Fargo & Co.
|
| Amount: | $200 million
|
| Description: | Medium-term notes, series L
|
| Maturity: | March 18, 2019
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Co-manager: | HSBC Securities (USA) Inc.
|
| Coupon: | Libor plus 50 bps
|
| Price: | Par
|
| Yield: | Libor plus 50 bps
|
| Trade date: | March 10
|
| Settlement date: | March 18
|
| Distribution: | SEC-registered
|
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