By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., April 19 – Goldman Sachs Group, Inc. priced a $5 billion offering of notes due 2030 and 2035 on Thursday, according to a market source.
The deal had final cumulative order books of $22.2 billion.
The bank priced $2.5 billion of 5.727% notes due 2030 at Treasuries plus 105 basis points. The interest rate resets to SOFR plus 126.5 bps. Price talk was in the Treasuries plus 130 bps area.
The notes are non-callable for five years.
Additionally, the company priced $2.5 billion of 5.851% notes due 2035 at 122 bps above Treasuries after price talk in the Treasuries plus 150 bps area. The interest rate resets to SOFR plus 155.2 bps.
The notes are non-callable for 10 years.
Goldman Sachs & Co. LLC is the bookrunner.
Goldman Sachs is a New York-based banking, securities and investment management company.
| Issuer: | Goldman Sachs Group, Inc.
|
| Amount: | $5 billion
|
| Issue: | Fixed-to-floating rate notes
|
| Bookrunner: | Goldman Sachs & Co. LLC
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| Pricing date: | April 18
|
|
|
| 2030 notes
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| Amount: | $2.5 billion
|
| Maturity: | April 25, 2030
|
| Coupon: | 5.727% initial rate; resets to SOFR plus 126.5 bps
|
| Spread: | Treasuries plus 105 bps
|
| Call features: | After five years
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| Price talk: | Treasuries plus 130 bps area
|
|
|
| 2035 notes
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| Amount: | $2.5 billion
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| Maturity: | April 25, 2035
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| Coupon: | 5.851% initial rate; resets to SOFR plus 155.2 bps
|
| Spread: | Treasuries plus 122 bps
|
| Call features: | After 10 years
|
| Price talk: | Treasuries plus 150 bps area
|
|
|
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