By Cristal Cody
Prospect News, Oct. 27 - Goldman Sachs Group Inc. sold C$500 million five-year senior maple bonds in Canada on Wednesday, a source said.
Maple bonds are securities denominated in Canadian dollars that are issued by foreign companies.
New York-based Goldman priced the 4.1% bonds due Nov. 3, 2015 at 99.991 to yield 4.102%, or a spread of 208 bps over the Canadian benchmark curve.
The bonds priced 2 bps tighter than the price talk of 210 bps over the curve.
RBC Capital Markets Corp. was the lead bookrunner.
| Issuer: | Goldman Sachs Group Inc.
|
| Amount: | C$500 million
|
| Maturity: | Nov. 3, 2015
|
| Securities: | Senior unsecured maple bonds
|
| Bookrunner: | RBC Capital Markets Corp. (lead)
|
| Coupon: | 4.1%
|
| Price: | 99.991
|
| Yield: | 4.102%
|
| Spread: | 208 bps over the Canadian benchmark curve
|
| Pricing date: | Oct. 27
|
| Distribution: | Canada
|
| Price talk: | 210 bps over the Canadian benchmark curve
|
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