By Aleesia Forni
Virginia Beach, Oct. 20 – Goldman Sachs Group Inc. sold $3 billion of five-year senior notes (Baa1/A-/A) on Monday in fixed- and floating-rate tranches, a market source said.
The sale included $500 million of five-year floaters priced at par to yield Libor plus 102 basis points.
Pricing was on top of talk.
A second tranche was $2.5 billion of 2.55% notes due 2019 priced at 99.795 to yield 2.594%, or Treasuries plus 120 basis points.
The fixed-rate notes sold on top of talk, which had firmed from of initial guidance set in the Treasuries plus 125 bps to 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: | Senior notes
|
| Amount: | $3 billion
|
| Bookrunner: | Goldman Sachs & Co.
|
| Trade date: | Oct. 20
|
| Settlement date: | Oct. 23
|
| Ratings: | Moody’s: Baa1
|
| Standard & Poor’s: A-
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Five-year floaters
|
| Amount: | $500 million
|
| Maturity: | Oct. 23, 2019
|
| Coupon: | Libor plus 102 bps
|
| Price: | Par
|
| Yield: | Libor plus 102 bps
|
| Price talk: | Libor plus 102 bps
|
|
|
| Five-year notes
|
| Amount: | $2.5 billion
|
| Maturity: | Oct. 23, 2019
|
| Coupon: | 2.55%
|
| Price: | 99.795
|
| Yield: | 2.594%
|
| Spread: | Treasuries plus 120 bps
|
| Price talk: | Treasuries plus 120 bps, tightened from 125 bps to 130 bps
|
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