By Cristal Cody
Eureka Springs, Ark., Aug. 8 – Wells Fargo & Co. priced $100 million of five-year floating-rate notes at par to yield Libor plus 90 basis points on Monday, according to a FWP filing with the Securities and Exchange Commission.
The notes are due Aug. 10, 2021.
Wells Fargo Securities, LLC was the bookrunner.
The offering will be an add-on to the company’s $100 million of floating-rate notes due Aug. 10, 2021 that will be issued on Aug. 10. The total outstanding after closing will be $200 million.
The retail, commercial and corporate banking services provider is based in San Francisco.
| Issuer: | Wells Fargo & Co.
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| Amount: | $100 million reopening
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| Description: | Floating-rate notes
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| Maturity: | Aug. 10, 2021
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| Bookrunner: | Wells Fargo Securities, LLC
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| Coupon: | Libor plus 90 bps
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| Price: | Par
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| Trade date: | Aug. 8
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| Settlement date: | Aug. 10
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| Ratings: | Moody’s: A2
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| Standard & Poor’s: A
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| Fitch: AA-
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| Distribution: | SEC registered
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| Total outstanding: | $200 million
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