Published on 8/14/2007 in the Prospect News Investment Grade Daily.
New Issue: Wachovia prices $250 million in two-year floaters at Fed Funds plus 30 bps
By Andrea Heisinger
Omaha, Aug. 14 - Wachovia Corp. priced a $250 million offering of two-year floating-rate notes (Aa3/AA-) at a spread of Fed Funds open plus 30 basis points.
The notes priced at par.
The bookrunner on the deal was Wachovia Capital Markets, LLC.
| Issuer: | Wachovia Corp.
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| Security description: | Floating-rate notes
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| Amount: | $250 million
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| Maturity: | Aug. 20, 2009
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| Price: | Par
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| Spread: | Fed Funds open plus 30 bps
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| Ratings: | Moody's: Aa3
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| Standard & Poor's: AA-
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| Bookrunner: | Wachovia Capital Markets, LLC |
|
| Trade date: | Aug. 14
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| Settlement date: | Aug. 20
|
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