Bond Wells Fargo & Company 3% ( US94986RE805 ) in USD

Issuer	Wells Fargo & Company
Market price	100 % ⇌
Country	United States
ISIN code	US94986RE805 ( in USD )
Interest rate	3% per year ( payment 2 times a year)
Maturity	19/02/2031 - Bond has expired
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Minimal amount	1 000 USD
Total amount	36 665 000 USD
Cusip	94986RE80
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	Wells Fargo is a multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services across numerous countries. A specific debt instrument, identified by ISIN US94986RE805 and CUSIP 94986RE80, was issued by Wells Fargo, one of the United States' foremost diversified financial services companies. Headquartered in San Francisco, California, Wells Fargo & Company holds a significant position in the global financial sector, providing extensive banking, mortgage, investment, and consumer and commercial finance services across its community banking, wholesale banking, and wealth and investment management segments. The issuance of such bonds is a routine aspect of its capital management and funding strategy. This particular bond, denominated in U.S. Dollars (USD), featured a fixed annual interest rate of 3%, with interest payments disbursed semiannually. The total initial offering size for this security was $36,665,000, with a minimum investment increment of $1,000 per unit. While originally scheduled for maturity on February 19, 2031, this bond has officially concluded its lifecycle, having reached its full maturity and subsequently been repaid, with its effective market price at the point of redemption registering at 100% of its par value, signifying a complete and timely reimbursement to bondholders.