October 4, 2018 / 9:27 PM / 2 months ago

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

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

(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

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