Goldman Sachs to price floaters, fixed-to-floaters in six parts; initial price talk emerges

By Devika Patel and Cristal Cody

Knoxville, Tenn., March 1 – Goldman Sachs Group Inc. will conduct a six-tranche offering of three tranches of fixed-to-floating rate notes and three tranches of floating-rate notes, according to a market source.

The fixed-to-floaters, due March 8, 2023, March 8, 2024 and March 9, 2027, will initially have a fixed coupon and then an interest rate based on SOFR, with talk in the Treasuries plus 55 basis points area for the 2023 notes, talk in the Treasuries plus 70 bps area for the 2024 notes and talk in the Treasuries plus 90 bps area for the 2027 notes.

The floaters due March 8, 2023, March 8, 2024 and March 9, 2027 will accrue interest at a rate based on SOFR.

Goldman Sachs & Co. LLC is the bookrunner.

Goldman Sachs Group is a New York-based banking, securities and investment management company.

© 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.