By Andrea Heisinger
New York, March 19 - Goldman Sachs Group Inc. reopened its issue of 5.375% notes due 2020 on Friday to add an upsized $750 million, an informed source said.
The reopening was intended to add $500 million.
The reopened notes (A1/A/A+) priced at 99.812 to yield 5.399% with a spread of Treasuries plus 175 basis points. They are non-callable.
Total issuance is $2.75 billion, including $2 billion priced on March 1 at 190 bps over Treasuries.
Goldman Sachs & Co. ran the books.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Global notes, reopened
|
| Amount: | $750 million, increased from $500 million
|
| Maturity: | March 13, 2020
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | 5.375%
|
| Price: | 99.812
|
| Yield: | 5.399%
|
| Spread: | Treasuries plus 175 bps
|
| Call: | Non-callable
|
| Trade date: | March 19
|
| Settlement date: | March 26
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Total issuance: | $2.75 billion, including $2 billion priced March 1 at 190 bps
|
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