Goldman Sells $5.5 Billion of Bonds in Echo of April Bank Sales
- Lender raised $6 billion after first-quarter results in April
- JPMorgan, BofA, Citi may bring new sales, says BI’s Kakuda
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Goldman Sachs Group Inc. raised $5.5 billion in new bonds after reporting earnings Tuesday, reminiscent of an issuance onslaught from the biggest U.S. banks after they posted results three months ago.
The lender sold the debt in two parts, according to a person with knowledge of the matter. The longest portion of the offering, a 21-year security, yields 1 percentage point above Treasuries, after initial discussions of around 1.25 percentage points, said the person, who asked not to be identified as the details are private.