Wells Fargo in New Venture with Alaska Industrial Agency

Walker, Susanne
December 2004
Bond Buyer;12/30/2004, Vol. 350 Issue 32040, p7
Trade Publication
The article focuses on the business development of Wells Fargo & Co. and reports that it is in new venture with Alaska industrial agency. Wells Fargo may see a boost in the number of small issues it underwrites after embarking on a new venture with the Alaska Industrial Development and Export Authority (AIDEA). Going forward, Wells Fargo will underwrite bonds issued by AIDEA in a new small-issue bond program and sell them primarily in private placements with institutional investors. AIDEA has traditionally issued bonds in the $10 million range or higher, but some projects are smaller.


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