By Cristal Cody
Tupelo, Miss., July 17 – Wells Fargo & Co. sold $3.75 billion of 2.625% five-year senior notes (A2/A/AA-) on Monday at a spread of Treasuries plus 80 basis points, according to a market source.
The notes priced in line with guidance.
Wells Fargo Securities LLC was the bookrunner.
The financial services company is based in San Francisco.
| Issuer: | Wells Fargo & Co.
|
| Amount: | $3.75 billion
|
| Description: | Senior notes
|
| Maturity: | July 22, 2022
|
| Bookrunner: | Wells Fargo Securities LLC
|
| Coupon: | 2.625%
|
| Spread: | Treasuries plus 80 bps
|
| Trade date: | July 17
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Fitch: AA-
|
| Price guidance: | Treasuries plus 80 bps area
|
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