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Wells Fargo eyes six-year fixed-, floating-rate notes in two tranches
By Devika Patel
Knoxville, Tenn., Jan. 17 – Wells Fargo & Co. plans to conduct an offering of six-year notes in fixed- and floating-rate tranches due January 2023, according to an informed source and a 424B2 filed with the Securities and Exchange Commission.
The floaters will have a coupon based on the Libor rate.
Wells Fargo may redeem the fixed-rate notes, in whole, but not in part, in January 2022.
Proceeds will be used for general corporate purposes.
Wells Fargo Securities LLC is the bookrunner.
The bank is based in San Francisco.
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