Howard Atkins, CFO of Wells Fargo, is considering issuing $ 3 billion in convertible debt. With an investment grade credit rating, Wells Fargo is not the typical issuer of convertible securities, but market conditions in 2003, the unusual. Strong demand from both the convertible arbitrage hedge funds and mutual funds, income seems to create an opportunity for Wells Fargo to raise capital at a lower cost. "Hide
by Malcolm P. Baker, Liz Kind Source: Harvard Business School 20 pages. Publication Date: March 21, 2006. Prod. #: 206022-PDF-ENG
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