Published on 9/17/2014 in the Prospect News Investment Grade Daily.
New Issue: Wells Fargo prices $500 million floating-rate notes due 2018 at Libor plus 40 bps
By Aleesia Forni
Virginia Beach, Sept. 17 – Wells Fargo & Co. sold $500 million of four-year floating-rate notes at par to yield Libor plus 40 basis points, according to an FWP filed with the Securities and Exchange Commission.
Wells Fargo Securities LLC was the bookrunner.
Wells Fargo is a San Francisco-based bank.
| Issuer: | Wells Fargo & Co.
|
| Amount: | $500 million
|
| Description: | Medium-term notes, series N
|
| Maturity: | Sept. 14, 2018
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Co-managers: | CastleOak Securities LP, Drexel Hamilton LLC
|
| Coupon: | Libor plus 40 bps
|
| Price: | Par
|
| Yield: | Libor plus 40 bps
|
| Trade date: | Sept. 16
|
| Settlement date: | Sept. 23
|
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