| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Morning Commentary: New notes from Comcast, Goldman Sachs trade mixed amid choppy trading
By Cristal Cody
Tupelo, Miss., May 21 – New high-grade bonds from Comcast Corp. and Goldman Sachs Group Inc. were mixed in the secondary market amid choppy trading, according to sources early Thursday.
Comcast’s $4 billion three-part offering of senior notes (A3/A- /A-) that priced on Tuesday traded slightly weaker to modestly tighter.
Goldman Sachs Group’s new notes edged 1 basis point wider to 2 bps tighter.
The three-month Libor yield was unchanged at 28 bps.
Comcast mixed
Comcast’s 3.375% notes due 2025 traded wider than issuance at 113 bps offered, a market source said.
The company sold $1.5 billion of the notes on Tuesday at a spread of Treasuries plus 110 bps.
Comcast’s 4.4% notes due 2035 firmed 1 bp to 129 bps offered. The issue priced in an $800 million offering at Treasuries plus 130 bps.
The company’s tranche of $1.7 billion of 4.6% notes due 2045 tightened to 147 bps offered in the secondary market.
Comcast sold $1.7 billion of the bonds at Treasuries plus 150 bps.
The provider of entertainment, information and communication products and services is based in Philadelphia.
Goldman active
Goldman Sachs’ 3.75% senior notes due 2025 traded modestly wider at 151 bps offered, according to a market source.
The company sold $2.25 billion of the 10-year notes (Baa1/A-/A) on Tuesday at Treasuries plus 150 bps.
Goldman’s 5.15% subordinated notes due 2045 firmed to 208 bps offered in the secondary market.
The subordinated notes (Baa2/BBB+/A-) priced in a $2 billion offering on Tuesday at 210 bps plus Treasuries.
The financial services company is based in New York City.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.