New Issue: Wells Fargo sells C$1 billion 2.975% 10-year notes at par

By Cristal Cody

Eureka Springs, Ark., May 10 – Wells Fargo & Co. priced C$1 billion of 2.975% 10-year senior notes at par on Tuesday in a maple bond offering, according to a market source.

The notes (A2/A/DBRS: AA) were sold at a spread of 167 basis points over the interpolated Government of Canada bond curve.

Wells Fargo Securities Canada, Ltd., TD Securities Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. were the lead managers.

The financial services company is based in San Francisco.

Issuer:	Wells Fargo & Co.
Amount:	C$1 billion
Maturity:	May 19, 2026
Securities:	Senior notes
Bookrunners:	Wells Fargo Securities Canada, Ltd., TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc.
Coupon:	2.975%
Price:	Par
Yield:	2.975%
Spread:	167 bps over interpolated Government of Canada bond curve
Pricing date:	May 10
Settlement date:	May 17
Ratings:	Moody’s: A2
	S&P: A
	DBRS: AA
Distribution:	Canada

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