Finance
Goldman Sachs Is Latest Wall Street Bank to Sell ESG Bonds
- Bank issues $800 million of sustainable debt in debut offering
- Deal comes on the heels of JPMorgan’s $1 billion transaction
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Goldman Sachs Group Inc. sold bonds aimed at financing environmentally and socially conscious projects for the first time, joining other Wall Street banks tapping the fast-growing market.
The New York-based lender issued $800 million in sustainable bonds after the offering was upped by $50 million amid strong investor demand, according to a person with knowledge of the matter. The single-tranche deal maturing in five years yields 0.4 percentage point above Treasuries, after initial price talk of about 0.6 percentage point.