Wells Fargo Sells $2.5 Billion of Debt After Dividend Raise
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Wells Fargo & Co., the largest U.S. home lender, sold 10-year notes in dollars for the first time since 2007 after announcing a special first-quarter dividend and additional share buybacks.
The bank issued $2.5 billion of 4.6 percent bonds that mature in April 2021 and yield 130 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. The San Francisco-based lender last sold 10-year notes in dollars in December 2007, issuing $3 billion of 5.625 percent securities, the data show.