By Aleesia Forni
Virginia Beach, Feb. 11 – Wells Fargo & Co. sold $2.5 billion of 3% senior notes due 2025 at Treasuries plus 107 basis points on Wednesday, an informed source said.
Pricing was at the tight end of talk.
The notes (A2/A+/AA-) priced at 99.666 to yield 3.039%.
Wells Fargo Securities LLC was the bookrunner.
The bank is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Amount: | $2.5 billion
|
| Description: | Senior notes
|
| Maturity: | Feb. 19, 2025
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Coupon: | 3%
|
| Price: | 99.666
|
| Yield: | 3.039%
|
| Spread: | 107 bps
|
| Trade date: | Feb. 11
|
| Settlement date: | Feb. 19
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A+
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
| Price talk: | 107 bps to 110 bps, tightened from 115 bps to 120 bps
|
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