Bond Wells Fargo 0% ( US949746TF82 ) in USD

Wells Fargo

93.60 % ▼

United States

US949746TF82 ( in USD )

15/04/2027

Prospectus brochure in PDF format

1 000 USD

100 000 000 USD

949746TF8

BB+ ( Non-investment grade speculative )

Baa1 ( Lower medium grade - Investment-grade )

Wells Fargo is a multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services across numerous countries.

This financial analysis details a specific debt security, identified as a bond, issued by Wells Fargo. The instrument, bearing the ISIN code US949746TF82 and CUSIP 949746TF8, originates from the United States, reflecting its issuance by a major U.S. financial institution. Wells Fargo, the issuer, is one of the largest and most prominent financial services companies in the United States, offering a broad range of banking, mortgage, investment, asset management, and consumer and commercial finance products and services. Its extensive operations across various domestic and international markets establish it as a significant player in the global financial landscape. Key specifics of this particular bond include its current market price, which stands at 100% of its par value, denominated in USD. A distinctive feature is its 0% interest rate, classifying it as a zero-coupon instrument, meaning it does not make periodic interest payments. Typically, zero-coupon bonds are purchased at a discount and mature at their face value, with the investor's return realized from the capital appreciation over the bond's life. However, given its current trading price at 100% of par and a 0% interest rate, an investor purchasing this bond today and holding it until its maturity date of April 15, 2027, would achieve a 0% yield to maturity, assuming redemption at par. The total size of this bond issuance amounts to USD 100,000,000, with a minimum purchase size set at USD 1,000, catering to a range of investors. The maturity date is firmly established as April 15, 2027, positioning it as a short-to-medium-term debt instrument. Regarding creditworthiness, the bond holds a split rating from leading agencies: Standard & Poor's (S&P) has assigned a 'BB+' rating, placing it in the speculative, or 'junk,' grade category, while Moody's provides a 'Baa1' rating, which falls within the lower-medium investment-grade category. This discrepancy in credit ratings necessitates careful consideration by potential investors, as it reflects differing assessments of the issuer's credit risk and could influence liquidity and investor perception.

Date	Clean price
07/08/2024	100.00%
22/10/2023	94.35%
07/09/2023	92.87%
10/08/2023	96.75%
17/07/2023	90.43%
23/06/2023	95.61%
31/05/2023	95.61%
07/05/2023	95.61%
15/04/2023	95.61%
28/03/2023	97.20%
08/03/2023	97.20%
13/02/2023	94.25%
25/01/2023	95.50%
03/01/2023	93.60%