By Cristal Cody
Prospect News, April 26 - Goldman Sachs Group, Inc. (A1/A/DBRS: A) sold an upsized C$500 million of 5% senior Maple bonds due May 3, 2018 at 99.842 to yield 5.027% on Tuesday, an informed source said.
The bonds priced at a spread of 213 basis points over the Canadian bond curve, tighter than guidance of 215 bps over the curve.
The deal was upsized from C$400 million.
The joint bookrunners were Goldman Sachs & Co., TD Securities Inc., RBC Capital Markets Corp., Scotia Capital Inc., BMO Capital Markets Corp., CIBC World Markets Inc. and National Bank Financial Inc.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group, Inc.
|
| Amount: | C$500 million
|
| Maturity: | May 3, 2018
|
| Securities: | Maple bonds
|
| Bookrunners: | Goldman Sachs & Co., TD Securities Inc., RBC Capital Markets Corp., Scotia Capital Inc., BMO Capital Markets Corp., CIBC World Markets Inc. and National Bank Financial Inc.
|
| Coupon: | 5%
|
| Price: | 99.842
|
| Yield: | 5.027%
|
| Spread: | 213 bps over Canadian bond curve
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
| Ratings: Moody's: A1
|
| Standard & Poor's: A
|
| DBRS: A
|
| Distribution: | Canada
|
| Price talk: | 215 bps over Canadian bond curve
|
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