Wells Fargo shows investor appetite for long-dated yield
Wells Fargo announced its return to the euro senior market this week with a stellar €5.6bn order book for a 10 year bond, demonstrating just how strong investors’ hunger for yield remains as they pile into longer-dated FIG paper at every opportunity.
The issuer was able to expand the deal to 1.5bn and the order book contained close to 300 investors, according to a syndicate lead.
UK investors took a much larger percentage of this deal than they have for any other this year, said the lead, who put this down
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