Goldman Sachs Group Inc., which yesterday reported its second quarterly loss in 12 years, sold $500 million of 50-year unsecured bonds in a transaction aimed at individual investors.
Goldman Sachs sold the debt in increments of $25 at a yield of 6.5 percent after doubling the size of the offering, according to data compiled by Bloomberg. The New York-based firm has the option to redeem the bonds at par after five years, according to a filing with the Securities and Exchange Commission.
The transaction was the second Goldman Sachs has targeted at individual investors, allowing the firm to diversify its sources of capital while locking in "attractive" borrowing costs, said James Leonard, a credit analyst at Morningstar Inc. in Chicago. Goldman Sachs issued $1.3 billion of 6.125 percent notes with a similar structure a year ago, Bloomberg data show.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
