By Lisa Kerner
Charlotte, N.C., May 13 – Wells Fargo & Co. priced $150 million of five-year floating-rate notes at par to yield Libor plus 90 basis points on Friday, according to a 424B2 filed with the Securities and Exchange Commission.
Wells Fargo Securities LLC was the bookrunner.
Proceeds will be added to the company’s general funds and will be available for general corporate purposes, including but not limited to, investments in or advances to existing or future subsidiaries, repayment of obligations that have matured and reducing outstanding commercial paper and other debt.
The financial services company is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Amount: | $150 million
|
| Securities: | Notes
|
| Maturity: | May 24, 2021
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Coupon: | Libor plus 90 bps
|
| Price: | Par
|
| Yield: | Libor plus 90 bps
|
| Pricing date: | May 13
|
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