By Andrea Heisinger
New York, Dec. 2 - Goldman Sachs Group, Inc. priced $500 million of three-year floating-rate notes Tuesday backed by the Federal Deposit Insurance Corp. Temporary Liquidity Guarantee, market sources said.
The notes (Aaa/AAA/AAA) priced at par to yield one-month Libor plus 80 basis points. They are non-callable.
Bookrunner was Goldman Sachs & Co.
The company was the first to do an FDIC-backed deal, pricing $5 billion fixed-rate notes on Nov. 25.
The bank holding company is based in New York City.
| Issuer: | Goldman Sachs Group, Inc.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-guaranteed floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | Dec. 5, 2011
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | One-month Libor plus 80 bps
|
| Price: | Par
|
| Yield: | One-month Libor plus 80 bps
|
| Call: | Non-callable
|
| Trade date: | Dec. 2
|
| Settlement date: | Dec. 5
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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