Wells Fargo sells $6 bln in FDIC-backed debt-IFR
NEW YORK, Dec 3 (Reuters) - Wells Fargo (WFC.N) on Wednesday sold $6 billion of debt in a two-part deal backed by the Federal Deposit Insurance Corp, IFR reported.
The bank sold $3 billion of 3-year fixed-rate notes at 99.883 to yield 3.041 percent, or 195 basis points over comparable Treasuries.
It sold $3 billion of 3-year floating-rate notes at par for a yield spread of 3-month London interbank offered rate plus 85 basis points.
Bank of America Securities, Goldman Sachs, Morgan Stanley and UBS were lead managers on the deal.
U.S. banks have now sold $37 billion of debt under the government's Temporary Liquidity Guarantee Program, which offers a full guarantee for debt issued by financial institutions with a maturity of no longer than three years.
(Reporting by Ciara Linnane; Editing by Chizu Nomiyama)
