By Cristal Cody
Tupelo, Miss., July 19 – Goldman Sachs Group Inc. priced $3.5 billion of senior global notes (A3/BBB+/A) in three tranches on Wednesday, according to a market source.
Goldman Sachs sold $500 million of 1.95% two-year notes at 99.988 to yield 1.956%, or Treasuries plus 60 basis points.
Goldman Sachs sold $750 million of six-year floating-rate notes at par to yield Libor plus 100 bps.
The company priced $2.25 billion of 2.905% six-year fixed-to-floating rate notes at par to yield a spread of 108 bps over Treasuries. The notes will later convert to a floating rate of Libor plus 99 bps.
Goldman Sachs & Co. was the bookrunner.
Goldman Sachs Group is a New York-based banking, securities and investment management company.
| Issuer: | Goldman Sachs Group Inc.
|
| Amount: | $3.5 billion
|
| Description: | Senior global notes
|
| Bookrunner: | Goldman Sachs & Co.
|
| Trade date: | July 19
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A
|
|
|
| Two-year notes
|
| Amount: | $500 million
|
| Maturity: | July 23, 2019
|
| Coupon: | 1.95%
|
| Price: | 99.988
|
| Yield: | 1.956%
|
| Spread: | Treasuries plus 60 bps
|
|
|
| Six-year floaters
|
| Amount: | $750 million
|
| Maturity: | July 24, 2023
|
| Coupon: | Libor plus 100 bps
|
| Price: | Par
|
| Yield: | Libor plus 100 bps
|
|
|
| Six-year fixed/floaters
|
| Amount: | $2.25 billion
|
| Maturity: | July 24, 2023
|
| Coupon: | 2.905%; converts to floating rate of Libor plus 99 bps
|
| Price: | Par
|
| Yield: | 2.905%
|
| Spread: | Treasuries plus 108 bps
|
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