By Andrea Heisinger
New York, Nov. 15 - Goldman Sachs Group Inc. was in the market Thursday with an upsized $1.75 billion sale of notes (A3/A-/A) in two tranches, a source away from the trade said.
The size was talked in the $1 billion area, with a tranche of two-year floating-rate notes added prior to the launch.
That $500 million of two-year floaters priced at par to yield Libor plus 100 basis points.
A $1.25 billion tranche of 1.6% three-year notes sold at 99.918 to yield 1.628% with a spread of Treasuries plus 130 bps. The notes priced in line with talk in the 130 bps area.
Goldman Sachs & Co. was the bookrunner.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Notes
|
| Amount: | $1.75 billion, upsized from $1 billion area
|
| Bookrunner: | Goldman Sachs & Co.
|
| Trade date: | Nov. 15
|
| Settlement date: | Nov. 23
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| Two-year floaters
|
| Amount: | $500 million
|
| Maturity: | Nov. 21, 2014
|
| Coupon: | Libor plus 100 bps
|
| Price: | Par
|
| Yield: | Libor plus 100 bps
|
| Call: | Non-callable
|
|
|
| Three-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Nov. 23, 2015
|
| Coupon: | 1.6%
|
| Price: | 99.918
|
| Yield: | 1.628%
|
| Spread: | Treasuries plus 130 bps
|
| Call: | Non-callable
|
| Price talk: | 130 bps area
|
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