By Andrea Heisinger
New York, Jan. 19 - Goldman Sachs Group Inc. priced $4.5 billion of notes (A1/A-/A) in two parts on Thursday after a reopening of debt due 2015 was added to the sale, a market source said.
There was $4.25 billion of 5.75% 10-year notes priced to yield 5.768% with a spread of Treasuries plus 380 basis points. The tranche priced at the tight end of talk in the 385 bps area.
A second tranche was a reopening of 5.125% notes due 2015 to add $250 million. The notes were priced to yield 5.78% with a spread of Treasuries plus 350 bps.
This issuance will be added to the original amount sold in 2005.
Full terms for the deal were not available at press time.
Goldman Sachs & Co. was the bookrunner.
Goldman's last sale of 10-year debt was a $1 billion reopening of 5.25% notes due 2021 priced on Oct. 25, 2011 at 295 bps over Treasuries. Its last debt sale was $600 million of floating-rate notes due 2016 priced on Nov. 9, 2011.
The financial services company is based in New York City.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Senior notes
|
| Amount: | $4.5 billion
|
| Bookrunner: | Goldman Sachs & Co.
|
| Distribution: | Off shelf
|
| Trade date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| Notes due 2022
|
| Amount: | $4.25 billion
|
| Maturity: | Jan. 24, 2022
|
| Coupon: | 5.75%
|
| Yield: | 5.768%
|
| Spread: | Treasuries plus 380 bps
|
| Price talk: | 385 bps area
|
|
|
| Notes due 2015
|
| Amount: | $250 million, reopened
|
| Maturity | January 2015
|
| Coupon: | 5.125%
|
| Yield: | 5.78%
|
| Spread: | Treasuries plus 350 bps
|
| Price talk: | 350 bps area
|
| Total issuance: | Added to original issue from 2005
|
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