Wells Fargo & Co. tapped the high-grade corporate bond market Monday, the first large US lender to sell bonds since the collapse of Silicon Valley Bank. The $3.75 billion unsecured note offering will mature in 11 years and is callable after 10, according to a person familiar with the matter. The fixed-to-floating-rate security will yield 180 basis points over Treasuries, after early pricing discussions for around 205 to 210 basis points, the person said, asking to remain anonymous as they are...

Global credit investors are jumping back into bank bonds following a sector-wide rout — though concerns about additional tier 1 debt remain. Money managers from T. Rowe Price Group Inc. to Voya Investment Management see a chance to scoop up bond bargains, betting that the worst is over for financial institutions as the Federal Reserve works to stem contagion. “If you are willing to buy into the fear, there is definitely an opportunity,” said Samuel Wilson, portfolio manager at Voya. “There is...