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Goldman Returns to ESG Debt Market With $700 Million Deal

  • This is its first sizable sustainable-bond sale in over a year
  • The financial sector is the second biggest issuer of ESG bonds
Goldman Sachs Wins With Fed’s Unexpected Buyback Clearance
Photographer: Nicky Loh/Bloomberg
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Goldman Sachs Group Inc. raised $700 million in the US investment-grade market to help fund environmental and social initiatives, its first benchmark sustainable-bond sale in over a year. 

The New York-based lender sold a sustainability bond maturing in five years, according to a person with knowledge of the matter. The self-led deal yields 1.35 percentage points above Treasuries, after initial discussions of around 1.6 percentage points, said the person, who asked not to be identified as the details are private. In the US markets, issuance above $500 million is considered a benchmark deal.