Wells Fargo Raises $2.5B In Note Sale

Wells Fargo has raised $2.5 billion in a sale of senior holding-company notes, The Wall Street Journal reports. The bonds, which carry a coupon rate of 4.6%, will mature in 2021.

The lender will use the proceeds from the offering for repayment of outstanding debt and for general corporate purposes. Wells Fargo was the sole book-running manager for the sale.

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