Wells Fargo & Company

WFC

US9497461015

Banks

Market Closed - Nyse Other stock markets 04:00:01 2025-01-24 pm EST			5-day change	1st Jan Change
77.32 ^USD	-0.14%		+0.31%	+10.08%

Jan. 24	MVB Financial Corp. Appoints Glen W. Herrick as Member of the Board	CI
Jan. 24	Commodities Up Almost 6% in 2024 With Crude Particularly Volatile, Wells Fargo Says	MT

University of Illinois Plans to Issue $83 Million in Bonds

December 04, 2024 at 05:30 pm EST

By Paulo Trevisani

The Board of Trustees of the University of Illinois plans to issue $82.7 million in bonds to refund outstanding debt and finance capital improvements.

The Auxiliary Facilities System bonds, Series 2025A, will mature between 2026 and 2055 and will be federally tax-exempt, according to roadshow material posted Tuesday on MuniOs.

Proceeds will fund capital improvements, including replacing the roof of the Illini Union at Urbana-Champaign, and refinancing portions of prior parity bonds.

The sale date is preliminarily set for Dec. 10. Interest and coupon information wasn't available.

The bonds will be payable with revenue from the system, student tuition and fees, along with funds from an interest sinking fund account.

The University of Illinois System has three universities with a total enrollment of 97,772 as of the Fall of 2024. Its total revenue in fiscal 2024 was $6.3 billion. The university has $1.7 billion in revenues budgeted for fiscal 2025.

Moody's has assigned a Aa2 rating to the bonds, while S&P has rated them AA-.

Wells Fargo is the senior manager.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

12-04-24 1729ET

Latest news about Wells Fargo & Company

MVB Financial Corp. Appoints Glen W. Herrick as Member of the Board	Jan. 24	CI
Commodities Up Almost 6% in 2024 With Crude Particularly Volatile, Wells Fargo Says	Jan. 24	MT
European banks reward their shareholders	Jan. 23
Wells Fargo Hires New Head of Cards From JPMorgan	Jan. 21	DJ
Wells Fargo hires JPMorgan executive as head of cards and merchant services	Jan. 21	RE
Wells Fargo & Company Announces Executive Changes	Jan. 21	CI
Phillip Securities Adjusts Price Target on Wells Fargo to $85 From $65, Keeps Accumulate Rating	Jan. 21	MT
Wolfe Research Adjusts Price Target on Wells Fargo to $91 From $87, Keeps Outperform Rating	Jan. 21	MT
US Equity Indexes Jump in Week on Easing Core Inflation, Bank Earnings	Jan. 17	MT
Sector Update: Financial Stocks Rise Late Afternoon	Jan. 17	MT
Sector Update: Financial Stocks Rise Friday Afternoon	Jan. 17	MT
Wells Fargo, Merrill Lynch Agree to Pay $60 Million in SEC Penalties for Cash Sweep Program Violations	Jan. 17	MT
Wells Fargo, Merrill Lynch Agree to Pay $60 Million in SEC Penalties for Cash Sweep Program Violations	Jan. 17	MT
SEC Settles Charges Against Bank of America, Wells Fargo Units	Jan. 17	DJ
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges	Jan. 17	RE
Woodgrain Inc. completed the acquisition of Pennsylvania business and related assets of JELD-WEN Holding, Inc..	Jan. 16	CI
University of California Regents to Sell $2 Billion in Bonds	Jan. 16	DJ
January Homebuilder Confidence Unexpectedly Improves; Expectations Dim	Jan. 16	MT
Argus Raises Price Target on Wells Fargo to $85 From $68	Jan. 16	MT
Wells Fargo Q4 Shows Improving Returns Key Catalyst for Stock, UBS Says	Jan. 16	MT
Global markets live: UnitedHealth, Apple, Morgan Stanley, Google, Rio Tinto...	Jan. 16
UBS Adjusts Price Target on Wells Fargo to $87 From $85, Keeps Buy Rating	Jan. 16	MT
RBC Boosts Price Target on Wells Fargo to $80 From $72, Keeps Sector Perform Rating	Jan. 16	MT
Seaport Global Adjusts Price Target on Wells Fargo to $86 From $83, Keeps Buy Rating	Jan. 16	MT
Truist Securities Adjusts Price Target on Wells Fargo to $85 From $82, Keeps Buy Rating	Jan. 16	MT

Chart Wells Fargo & Company

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WFC: Dynamic Chart

Company Profile

Wells Fargo & Company is one of the leading American banking groups. Its activity is organized around 3 lines of business: - retail and commercial banking: sales of standard and specialized banking products and services (mortgage lending, real estate credit, consumer credit, insurance, etc.); - finance, investment, and market banking; - profit management, brokerage, and pension fund management. At the end of 2023, the group managed USD 1,400 billion in current deposits and USD 936.7 billion in current loans.

Employees

217,502

Sector

Banks

Calendar

2025-04-11 - Q1 2025 Earnings Release

More about the company