Wachovia Corp sells $3.5 bln in hybrid perpetuals - lead

NEW YORK, Feb 5 (Reuters) - Wachovia Corp (WB.N: Quote, Profile, Research) sold on
Tuesday $3.5 billion of perpetual hybrid securities, said sole
lead manager of the deal Wachovia Securities.

The deal yields 4.40 percentage points more than comparable
U.S. Treasuries until March 2018, after which they float at
3.77 percentage points more than the three-month London
interbank offered rate.
(Reporting by Rodrigo Campos)