By Cristal Cody
Eureka Springs, Ark., Jan. 23 – Goldman Sachs Group Inc. priced $5 billion of notes (A3/A) in three parts on Monday, according to a market source.
Goldman Sachs sold $1 billion of floating-rate notes due April 26, 2022 at par to yield Libor plus 111 basis points. The floating-rate tranche had a $1.6 billion final book size.
In the fixed-rate five-year tranche, Goldman Sachs priced $2.25 billion of 3% notes at 99.68 to yield 3.067%, or 120 bps over Treasuries. Final book size was $4.3 billion.
Goldman Sachs placed $1.75 billion of 3.85% 10-year notes at 99.72 to yield 3.884%. The 10-year notes priced with a spread of Treasuries plus 148 bps. The book size was $4.3 billion.
Goldman Sachs & Co. was the bookrunner.
Goldman Sachs Group is a New York-based banking, securities and investment management company.
| Issuer: | Goldman Sachs Group Inc.
|
| Amount: | $5 billion
|
| Description: | Notes
|
| Bookrunner: | Goldman Sachs & Co.
|
| Trade date: | Jan. 23
|
| Ratings: | Moody’s: A3
|
| S&P: A
|
| Distribution: | SEC registered
|
|
|
| Five-year floaters
|
| Amount: | $1 billion
|
| Maturity: | April 26, 2022
|
| Coupon: | Libor plus 111 bps
|
| Price: | Par
|
| Yield: | Libor plus 111 bps
|
|
|
| Five-year notes
|
| Amount: | $2.25 billion
|
| Maturity: | April 26, 2022
|
| Coupon: | 3%
|
| Price: | 99.68
|
| Yield: | 3.067%
|
| Spread: | Treasuries plus 120 bps
|
|
|
| 10-year notes
|
| Amount: | $1.75 billion
|
| Maturity: | Jan. 26, 2027
|
| Coupon: | 3.85%
|
| Price: | 99.72
|
| Yield: | 3.884%
|
| Spread: | Treasuries plus 148 bps
|
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