By Cristal Cody
Tupelo, Miss., May 14 – Goldman Sachs Group Inc. priced $1.5 billion of eight-year floating-rate notes (A3/BBB+/A) on Monday at Libor plus 117 basis points, according to a market source.
The notes were initially talked to price in the Libor plus 125 bps area.
Goldman Sachs & Co. was the bookrunner.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Amount: | $1.5 billion
|
| Maturity: | May 15, 2026
|
| Description: | Floating-rate notes
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | Libor plus 117 bps
|
| Trade date: | May 14
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A
|
| Price talk: | Libor plus 125 bps area
|
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