By Andrea Heisinger
New York, April 20 - Goldman Sachs Group Inc. reopened its issue of floating-rate notes due Feb. 7, 2014 on Wednesday to add $1 billion, said a source away from the sale.
The notes (A1/A/) were priced at 100.281 with a coupon of three-month Libor plus 100 basis points to yield three-month Libor plus 90 bps. This was in line with yield talk in the Libor plus 90 bps area.
The notes are non-callable.
Total issuance is $2 billion, including $1 billion sold on Feb. 2 at Libor plus 100 bps.
Goldman Sachs & Co. was the bookrunner for the reopening.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Floating-rate notes reopened
|
| Amount: | $1 billion
|
| Maturity: | Feb. 7, 2014
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | Three-month Libor plus 100 bps
|
| Price: | 100.281
|
| Yield: | Three-month Libor plus 90 bps
|
| Call: | Non-callable
|
| Trade date: | April 20
|
| Settlement date: | April 26
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Total issuance: | $2 billion, including $1 billion sold Feb. 2 at Libor plus 100 bps
|
| Price talk: | Libor plus 90 bps area yield
|
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