Bond Wells Fargo & Company 0% ( US94988U3427 ) in USD

Issuer	Wells Fargo & Company
Market price	100 % ▲
Country	United States
ISIN code	US94988U3427 ( in USD )
Interest rate	0%
Maturity	24/11/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	78 514 000 USD
Cusip	94988U342
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	NR
Detailed description	Wells Fargo is a multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services across numerous countries. This article provides an overview of a specific debt instrument, identified by ISIN US94988U3427 and CUSIP 94988U342, which recently reached its maturity and was fully redeemed. Classified as an obligation, this bond was issued by Wells Fargo, a prominent American multinational financial services company headquartered in San Francisco, California, with significant operational presence in Irving, Texas. As one of the "Big Four" banks in the United States, Wells Fargo offers a comprehensive suite of banking, mortgage, investing, credit card, insurance, and consumer and commercial finance services across the nation and internationally. The bond, denominated in USD and issued from the United States, was observed at a market price of 100% prior to its redemption. Notably, the instrument was characterized by a 0% interest rate, and its payment frequency was indicated as 2, suggesting specific terms regarding its principal return or discount accretion over its lifespan. The total issuance size for this specific offering amounted to $78,514,000, with a minimum purchase size set at $1,000. The bond's definitive maturity date was November 24, 2023, and it has since been confirmed as having successfully matured and been fully repaid to its holders. Moody's, a leading credit rating agency, assigned an "NR" (Not Rated) designation to this particular bond issuance.