By Aleesia Forni
Virginia Beach, April 21 – Goldman Sachs Group Inc. was in Tuesday’s primary with a $1.6 billion two-part tap of its existing senior notes (Baa1/A-/A) due April 23, 2020 and Nov. 29, 2023, according to a market source.
The bank sold an $800 million add-on to its floating-rate note due 2020 at 101.108. The notes carry a coupon of Libor plus 116 basis points.
The issue’s total size now sits at $1.3 billion, including $300 million priced on Jan. 20 and $200 million priced on Feb. 13.
A second tranche was an $800 million tap of its notes due 2023 priced at 101.626. The notes have a coupon of Libor plus 160 bps.
The total issue size is now $1.8 billion, including $1 billion priced on Nov. 25, 2013.
Goldman Sachs & Co. was the bookrunner.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Tap of floating-rate notes
|
| Amount: | $1.6 billion
|
| Bookrunners: | Goldman Sachs & Co.
|
| Trade date: | April 21
|
| Settlement date: | April 24
|
| Ratings: | Moody’s: Baa1
|
| Standard & Poor’s: A-
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Tap of notes due 2020
|
| Amount: | $800 million add-on
|
| Maturity: | April 23, 2020
|
| Coupon: | Libor plus 116 bps
|
| Price: | 101.108
|
| Total issue size: | $1.3 billion
|
|
|
| Tap of notes due 2023
|
| Amount: | $800 million add-on
|
| Maturity: | Nov. 29, 2023
|
| Coupon: | Libor plus 160 bps
|
| Price: | 101.626
|
| Price guidance: | Libor plus 145 bps area
|
| Total issue size: | $1.8 billion
|
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