Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

FAN Editor
FILE PHOTO: The sign at a Wells Fargo banking location is pictured in Pasadena
FILE PHOTO: The sign at a Wells Fargo banking location is pictured in Pasadena, California, U.S., September 8, 2017. REUTERS/Mario Anzuoni/File Photo

October 5, 2018

(Reuters) – Wells Fargo & Co <WFC.N> is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday citing people familiar with the matter.

The $441 million non-agency bond will include top portions, which will be rated AAA and the sale will be finalized next week, according to the report.

Wells Fargo spokesman Tom Goyda declined to comment on the Bloomberg report.

(Reporting by Bharath Manjesh in Bengaluru; Editing by Shounak Dasgupta)

Free America Network Articles

Leave a Reply

Next Post

WATCH: Stranded humpback whale rescued in Argentina

Now Playing: Beluga whales say hi to paddleboarder Now Playing: Dozens of endangered right whales seen feeding off Mass. coast Now Playing: Whale stranded in River Thames Now Playing: Researchers found orca whale still holding on to her dead calf 9 days later Now Playing: Stranded humpback whale rescued in […]

You May Like