By Cristal Cody
Tupelo, Miss., Feb. 5 - Goldman Sachs Group, Inc. (Baa1/A-/DBRS: A) priced C$600 million of 3.55% seven-year senior notes at 99.889 to yield 3.568% in a maple bond private placement offering on Wednesday, according to an informed source.
The notes due Feb. 12, 2021 priced with a spread of 173 basis points over the Government of Canada benchmark.
Goldman Sachs & Co., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. were the lead managers.
Goldman Sachs Group was last in the Canadian market on Jan. 25, 2013, when it sold C$650 million of 3.375% senior notes due Feb. 1, 2018 at 99.868 to yield 3.404%, or a spread of 193 bps over the Canadian bond curve.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group, Inc.
|
| Amount: | C$600 million
|
| Maturity: | Feb. 12, 2021
|
| Securities: | Senior notes
|
| Bookrunners: | Goldman Sachs & Co., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.
|
| Co-managers: BMO Capital Markets Corp., CIBC World Markets Inc. and National Bank Financial Inc.
|
| Coupon: | 3.55%
|
| Price: | 99.889
|
| Yield: | 3.568%
|
| Spread: | 173 bps over Government of Canada benchmark
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 12
|
| Ratings: Moody's: Baa1
|
| Standard & Poor's: A-
|
| DBRS: A
|
| Distribution: | Canada private placement
|
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