Bond Wells Fargo & Company 0.639% ( US94986RE722 ) in USD

Issuer	Wells Fargo & Company
Market price	100 % ▲
Country	United States
ISIN code	US94986RE722 ( in USD )
Interest rate	0.639% per year ( payment 2 times a year)
Maturity	24/02/2028
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Minimal amount	1 000 USD
Total amount	10 702 000 USD
Cusip	94986RE72
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	A1 ( Upper medium grade - Investment-grade )
Next Coupon	24/08/2026 ( In 141 days )
Detailed description	Wells Fargo is a multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services across numerous countries. This financial analysis focuses on a specific debt instrument, identified by its ISIN US94986RE722 and CUSIP 94986RE72. The issuer of this bond is Wells Fargo, a prominent American multinational financial services company and one of the largest banks in the United States by assets. Headquartered in San Francisco, California, Wells Fargo provides a comprehensive range of banking, mortgage, investment, consumer, and commercial finance services, serving a vast client base across the globe and holding a significant position within the U.S. financial landscape, making it a key player in the nation's economic infrastructure. The bond under review is an obligation issued in the United States, denominated in U.S. Dollars (USD). It features a fixed annual interest rate, or coupon, of 0.639%, with interest payments disbursed to bondholders semi-annually, reflecting a payment frequency of two times per year. This particular instrument is set to mature on February 24, 2028, offering a defined repayment schedule. On the secondary market, the bond is currently trading at par, indicated by its market price of 100%. The total aggregate amount of this specific issuance stands at USD 10,702,000. For potential investors, the minimum purchase amount required is USD 1,000. Crucially, the bond holds an investment-grade credit rating of A1 from Moody's, reflecting the creditworthiness of Wells Fargo and the relatively low credit risk associated with this debt.