Wells Fargo markets two tranches of rate reset notes due 2026, 2031

By Cristal Cody

Tupelo, Miss., Feb. 4 – Wells Fargo & Co. plans to price two tranches of rate reset notes (A2/A-/A+) on Tuesday, according to a market source.

A tranche of notes due Feb. 11, 2026 is initially talked to print with a spread in the Treasuries plus 90 basis points to 95 bps area.

Initial talk on a tranche of notes due Feb. 11, 2031 is in the Treasuries plus 115 bps to 120 bps area.

Wells Fargo Securities LLC is the bookrunner.

The financial services company is based in San Francisco.

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