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Goldman tenders for up to $650 million of Apex capital securities
New York, July 20 – Goldman Sachs Group, Inc. announced a tender offer for up to $650 million liquidation amount of its $1,252,839,000 of 5.793% fixed-to-floating rate normal automatic preferred enhanced capital securities issued by Goldman Sachs Capital II and its $352.39 million of floating-rate normal automatic preferred enhanced capital securities issued by Goldman Sachs Capital III.
Goldman is offering $830 per $1,000 liquidation amount for both series of Apex securities plus accrued distributions up to but excluding the settlement date.
The tender ends at 11:59 p.m. ET on Aug. 16. Settlement is scheduled for Aug. 18.
Goldman Sachs & Co. (800 828-3182 or 212 357-1039) is dealer manager. Global Bondholder Services Corp. (866 470-3800 or 212 430-3774) is depositary and information agent.
Goldman Sachs is a New York-based investment bank.
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