New Issue: Wells Fargo prices $3 billion 3% 10-year notes with 130 bps spread

By Cristal Cody

Eureka Springs, Ark., April 15 – Wells Fargo & Co. priced $3 billion of 3% 10-year senior notes on Friday at 99.657 to yield 3.04%, according to a FWP filing with the Securities and Exchange Commission.

The notes due April 22, 2026 priced with a spread of 130 basis points over Treasuries.

Wells Fargo Securities, LLC was the bookrunner.

San Francisco-based Wells Fargo provides retail, commercial and corporate banking services.

Issuer:	Wells Fargo & Co.
Amount:	$3 billion
Description:	Senior notes
Maturity:	April 22, 2026
Bookrunner:	Wells Fargo Securities, LLC
Co-managers:	BB&T Capital Markets, BMO Capital Markets Corp., Citigroup Global Markets Inc., KKR Capital Markets LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, Huntington Investment Co.
Junior co-managers:	Apto Partners, LLC, CastleOak Securities, LP, Multi-Bank Securities, Inc., Samuel A. Ramirez & Co., Inc.
Coupon:	3%
Price:	99.657
Yield:	3.04%
Spread:	Treasuries plus 130 bps
Trade date:	April 15
Settlement date:	April 22
Ratings:	Moody’s: A2
	Standard & Poor’s: A
	Fitch: AA-
Distribution:	SEC Registered

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