Bond Wells Fargo & Company 5.606% ( USU94974AN92 ) in USD

Issuer	Wells Fargo & Company
Market price	100 % ▼
Country	United States
ISIN code	USU94974AN92 ( in USD )
Interest rate	5.606% per year ( payment 2 times a year)
Maturity	15/01/2044
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Minimal amount	1 000 USD
Total amount	2 400 746 000 USD
Cusip	U94974AN9
Standard & Poor's ( S&P ) rating	BBB ( Lower medium grade - Investment-grade )
Moody's rating	N/A
Next Coupon	15/07/2026 ( In 101 days )
Detailed description	Wells Fargo is a multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services across numerous countries. A new fixed-income offering from Wells Fargo has entered the market, identified by its ISIN USU94974AN92 and CUSIP U94974AN9. This corporate bond represents a direct debt obligation issued by one of the largest financial institutions in the United States. Wells Fargo & Company, a diversified financial services company with a nationwide presence, is the issuer of this particular debt instrument. Headquartered in San Francisco, California, Wells Fargo is a leading provider of banking, mortgage, investment, and consumer and commercial finance products and services. Its extensive operations and significant market capitalization underpin its ability to access capital markets for financing, as evidenced by this substantial bond issuance. Issued within the United States, this bond is denominated in U.S. Dollars (USD) and carries a fixed annual interest rate of 5.606%. Investors can anticipate semi-annual interest payments, providing a consistent income stream over the bond's duration. The bond has a long-term maturity date of January 15, 2044, positioning it as a long-duration asset suitable for investors seeking extended exposure to interest rate environments. The total size of this bond issuance amounts to a significant $2,400,746,000, reflecting a substantial capital raise by Wells Fargo to support its operations or strategic initiatives. Currently, the bond is trading at 100% of its par value on the market, indicating that it is priced at its face value and suggests a market perception aligned with its coupon rate, or that it is a new issuance. A minimum purchase size of $1,000 makes this bond accessible to a broad range of investors, from institutional buyers to individual investors seeking to diversify their fixed-income portfolios. Standard & Poor's (S&P) has assigned a credit rating of 'BBB' to this bond. This 'BBB' rating signifies that the bond is considered investment-grade, indicating a moderate level of credit risk. While it reflects adequate capacity to meet financial commitments, adverse economic conditions or changing circumstances are more likely to impair its ability to meet financial commitments than for higher-rated bonds. This rating is a crucial factor for investors assessing the creditworthiness of the issuer and the inherent risk of the investment. In summary, this Wells Fargo bond offers investors a long-term, USD-denominated fixed-income opportunity with a 5.606% coupon, supported by a 'BBB' investment-grade rating from S&P, issued by a prominent U.S. financial institution.