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Update: Market Chatter: Wells Fargo Offering Investment-Grade Bonds

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(Updates with Wells Fargo declines to comment in the last paragraph.)

Wells Fargo (WFC) is marketing investment-grade bonds in as many as three parts, with maturities between three and six years, Bloomberg reported Wednesday, citing a person familiar with the matter.

The longest-maturity bond is being offered with a spread of about 1 percentage point above US Treasuries, the report said, adding proceeds are for general corporate purposes.

Wells Fargo declined to comment to.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $73.61, Change: $-1.57, Percent Change: -2.09%

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