By Stephanie N. Rotondo
Portland, Ore., March 6 - Murray Street Investment Trust I, a Delaware statutory trust sponsored by Goldman Sachs Group Inc., sold $1.75 billion of 4.647% senior guaranteed trust securities due 2017, according to a press release issued Tuesday.
The securities will be fully and unconditionally guaranteed by Goldman. In connection with the deal, Goldman said it had remarketed $1.75 billion of its 5.593% junior subordinated notes due 2043, as required by the terms of its 5.793% fixed-to-floating rate normal automatic preferred enhanced capital securities.
Murray purchased all of the remarketed notes.
Meanwhile, the notes issued by Murray Street will be mandatorily redeemable in 2017, but have an optional redemption starting June 1, 2016.
Interest will be payable semi-annually on the first day of June and December.
The trust will apply to list the notes on the New York Stock Exchange under the symbol "GS/MI 17."
Goldman Sachs & Co. is the bookrunner.
Murray Street and Goldman are based in New York.
| Issuer: | Murray Street Investment Trust I
|
| Securities: | Senior guaranteed trust securities
|
| Amount: | $1,750,010,000
|
| Coupon: | 4.647%
|
| Maturity: | 2017
|
| Call options: | Starting June 1, 2016
|
| Bookrunner: | Goldman Sachs & Co.
|
| Pricing: | March 6
|
| Stock symbol: | NYSE: GS/MS 17
|
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