Published on 8/30/2010 in the Prospect News Investment Grade Daily.
New Issue: Goldman Sachs sells $150 million two-year fixed-to-floating-rate notes
By Andrea Heisinger
New York, Aug. 30 - Goldman Sachs Group, Inc. priced $150 million of two-year fixed-to-floating-rate medium-term notes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes have a fixed interest rate of 1.05% until Feb. 28, 2011 and then a floating rate of three-month Libor plus 75 basis points until maturity. The notes were priced at par and are non-callable.
Goldman Sachs & Co. was the agent.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Fixed-to-floating-rate medium-term notes
|
| Amount: | $150 million
|
| Maturity: | Aug. 31, 2012
|
| Agent: | Goldman Sachs & Co.
|
| Coupon: | 1.05% until Feb. 28, 2011, then three-month Libor plus 75 bps to maturity
|
| Price: | Par
|
| Yield: | 1.05% until Feb. 28, 2011, then three-month Libor plus 75 bps to maturity
|
| Call: | Non-callable
|
| Trade date: | Aug. 26
|
| Settlement date: | Aug. 31
|
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