By Andrea Heisinger
New York, March 13 - Goldman Sachs Group Inc. priced $5 billion of notes (Aaa/AAA/AAA) in four tranches backed by the Federal Deposit Insurance Corp. Temporary Liquidity Guarantee Program, according to an informed source.
The $1 billion of two-year floating-rate notes priced at par to yield three-month Libor plus 8 basis points.
The $2 billion of three-year floaters priced at par to yield three-month Libor plus 20 bps.
A $1 billion tranche of 1.7% two-year fixed-rate notes priced at 99.951 to yield 1.725%, or Treasuries plus 73.3 bps.
In the final tranche, the issuer sold $1 billion of 2.15% three-year fixed-rate notes at 99.945 to yield 2.169%, or 77.5 bps over Treasuries.
All of the tranches are non-callable.
Goldman Sachs & Co. was the bookrunner.
The bank holding company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed notes
|
| Total amount: | $5 billion
|
| Bookrunner: | Goldman Sachs & Co.
|
| Trade date: | March 12
|
| Settlement date: | March 19
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
|
|
| Two-year floaters
|
| Amount: | $1 billion
|
| Maturity: | March 15, 2011
|
| Coupon: | Three-month Libor plus 8 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 8 bps
|
| Call: | Non-callable
|
|
|
| Three-year floaters
|
| Amount: | $2 billion
|
| Maturity: | March 15, 2012
|
| Coupon: | Three-month Libor plus 20 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 20 bps
|
| Call: | Non-callable
|
|
|
| Two-year fixed-rate notes
|
| Amount: | $1 billion
|
| Maturity: | March 15, 2011
|
| Coupon: | 1.7%
|
| Price: | 99.951
|
| Yield: | 1.725%
|
| Spread: | Treasuries plus 73.3 bps
|
| Call: | Non-callable
|
|
|
| Three-year fixed-rate notes
|
| Amount: | $1 billion
|
| Maturity: | March 15, 2012
|
| Coupon: | 2.15%
|
| Price: | 99.945
|
| Yield: | 2.169%
|
| Spread: | Treasuries plus 77.5 bps
|
| Call: | Non-callable
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
