Wachovia Corp. has followed other big-name banks into the foreign capital markets, issuing $500 million in floating-rate Euronotes.

The issue, which is Wachovia's first entry into overseas capital markets, was priced flat over three-month London interbank offered rates, giving a discount margin of 4 basis points over Libor after fees.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.