Wells Fargo Issues $3.75 Billion in Medium-Term Notes

Details

The issuance includes $2.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes due May 20, 2029, $500 million in Senior Redeemable Floating Rate Notes due May 20, 2029, and $1 billion in Senior Redeemable Fixed-to-Floating Rate Notes due May 20, 2032. The filing includes the form of the Notes and an opinion from Faegre Drinker Biddle & Reath LLP regarding the Notes.

Items reported

About Wells Fargo & Co.

Wells Fargo & Co. is a diversified financial services company providing a wide array of banking, investment, mortgage, and consumer and commercial finance services. Operating predominantly in the United States, Wells Fargo plays a crucial role in the financial market by offering retail and commercial banking, which includes savings accounts, credit and loans, and payment solutions. Known for its strong retail banking presence, Wells Fargo also extends its reach through wealth and investment management services, enabling clients to gain tailored financial advice and asset management. Beyond core banking operations, Wells Fargo’s influence spans several sectors, notably real estate and consumer finance, contributing significantly to economic development and customer liquidity accessibility. The bank's commitment to providing financial education and resources aims to empower communities and foster economic resilience. As a major player in the financial industry, Wells Fargo maintains a key position in both national and global banking landscapes, facilitating critical financial transactions and services that support a wide range of client needs.