Wachovia Bank, founded in 1908 and headquartered in Charlotte, North Carolina, serves as a significant financial institution focused on providing banking, investment, and mortgage services. As part of the Wells Fargo & Company family since 2008, Wachovia offers a wide range of financial products, including personal and business banking, wealth management, and capital markets services.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| WFC 6.60% 2038-01-15 USDWachovia Bank | United States | 2038-01-15 | 6.600 | 5.10 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Wachovia began issuing bonds to finance its operations and expansion as early as the 1980s, with notable transactions involving a series of multi-million dollar issuances to support its growth strategy. In 2006, the bank made headlines with a $1 billion bond offering that helped secure its liquidity during turbulent market conditions. Current yields on Wachovia bonds have trended favorably compared to industry averages, reflecting the bank's stability, while features such as callable options and fixed-rate structures add appeal to investors.