By Aleesia Forni
Virginia Beach, Jan. 28 - Goldman Sachs Group Inc. sold $3.2 billion of notes (Baa1/A-/A-) on Tuesday in two parts, a market source said.
The sale included a $700 million tap of the bank's existing floating-rate notes due Nov. 15, 2018 with a coupon of 110 basis points over Libor at 100.477.
The original $1 billion issue of floating-rate senior notes priced on Nov. 12 at par.
A $2.5 billion tranche of 2.625% notes due 2019 was sold with a spread of 112.5 bps over Treasuries.
Pricing was at 99.684 to yield 2.639%.
The notes priced at the tight end of talk.
Goldman Sachs & Co. is the bookrunner.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Notes
|
| Amount: | $3.2 billion
|
| Joint bookrunner: | Goldman Sachs & Co.
|
| Trade date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A-
|
| Fitch: A-
|
|
|
| Add-on to floaters due 2018
|
| Amount: | $700 million
|
| Maturity: | Nov. 15, 2018
|
| Coupon: | Libor plus 110 bps
|
| Price: | 100.477
|
| Total issue size: | $1.7 billion
|
|
|
| Notes due 2019
|
| Amount: | $2.5 billion
|
| Maturity: | Jan. 31, 2019
|
| Coupon: | 2.625%
|
| Price: | 99.684
|
| Yield: | 2.639%
|
| Spread: | Treasuries plus 112.5 bps
|
| Price talk: | Treasuries plus 115 bps area, tightened from Treasuries plus 120 bps area
|
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