By Cristal Cody
Eureka Springs, Ark., Dec. 1 – Wells Fargo & Co. sold $2 billion of 4.75% 30-year notes on Thursday with a spread of 165 basis points over Treasuries, according to a market source.
The notes due Dec. 7, 2046 priced on the tight side of guidance.
Wells Fargo Securities LLC was the bookrunner.
Other details of the offering were not immediately available.
The financial services company is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Amount: | $2 billion
|
| Description: | Notes
|
| Maturity: | Dec. 7, 2046
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Coupon: | 4.75%
|
| Spread: | Treasuries plus 165 bps
|
| Price guidance: | Treasuries plus 165 bps-170 bps area
|
| Trade date: | Dec. 1
|
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