By Cristal Cody
Tupelo, Miss., May 20 – Goldman Sachs Bank USA priced $1 billion of two-year floating-rate senior notes (A1/A+/A+) at par on Monday to yield the Secured Overnight Financing Rate plus 60 basis points, according to a market source.
Initial price talk was in the SOFR plus 70 bps area.
Goldman Sachs & Co. LLC was the bookrunner.
Goldman Sachs Bank USA is a New York City-based banking and financial services company and subsidiary of Goldman Sachs Group Inc.
| Issuer: | Goldman Sachs Bank USA
|
| Amount: | $1 billion
|
| Maturity: | May 24, 2021
|
| Description: | Floating-rate senior notes
|
| Bookrunner: | Goldman Sachs & Co. LLC
|
| Coupon: | SOFR plus 60 bps
|
| Price: | Par
|
| Yield: | SOFR plus 60 bps
|
| Call feature: | Callable after one year
|
| Trade date: | May 20
|
| Ratings: | Moody’s: A1
|
| S&P: A+
|
| Fitch: A+
|
| Price guidance: | SOFR plus 70 bps area
|
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