Faegre Drinker Biddle & Reath LLP, a Delaware limited liability partnership | This website contains attorney advertising.
May 20, 2021

Faegre Drinker Represents Wells Fargo in Issuance of Inaugural Sustainability Bond

Faegre Drinker represented Wells Fargo in its issuance of an Inclusive Communities and Climate Bond, the financial services company’s first Sustainability Bond, which will fund projects and programs that support housing affordability, socioeconomic opportunity, and renewable energy.

Faegre Drinker served as issuer’s co-counsel for the offering. The Faegre Drinker team was led by corporate partner Dawn Pruitt and included corporate partner Lisa Pugh, associate Mingli Wu and paralegal Renee Maass. The firm’s co-counsel was BurgherGray LLP, a minority owned law firm.

Wells Fargo Securities, LLC served as a bookrunner for the issuance, joined by five broker dealers whose owners include people of color, women, and service-disabled veterans. They, along with 16 additional diverse broker dealers whose owners are from underrepresented groups, received 75% of the underwriting fees from the offering.

Read Wells Fargo’s press release and Inclusive Communities and Climate Bond Report for more information.

Related Topics

The Faegre Drinker Biddle & Reath LLP website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details.