Goldman Sachs talks four-part offering of floaters, fixed-rate notes

By Cristal Cody

Chicago, June 7 – Goldman Sachs Group Inc. is prepping a four-part offering of notes with two of the tranches coming with floating-rate coupons and two expected with fixed-rate coupons, a market source reported.

Two of the tranches will come with a Sept. 10, 2024 maturity date and two are expected with a Sept. 10, 2027 maturity date. The notes are paired in sets with one floating-rate tranche and one fixed-rate tranche for each maturity date.

The floating-rate notes due 2024 are expected to be based on SOFR. The fixed-rate 2024 tranche is being talked in the Treasuries plus 65 basis points area.

For the 2027 notes, the floating-rate tranche is also expected to be based on SOFR. The fixed-rate tranche has talk in the Treasuries plus 90 bps to 95 bps area.

Goldman Sachs & Co. LLC is listed as the bookrunner.

Goldman Sachs Group is a New York-based banking, securities and investment management company.

© 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.