252 Goldman Sachs, according to a source familiar with the transaction, successfully issued $2 billion in three-year floating-rate notes on Thursday. The offering consisted of two parts: a $500 million portion with a coupon rate set at 0.08 percentage points above the one-month London interbank offered rate (LIBOR), and a larger $1.5 billion tranche with a coupon rate of 0.08 percentage points above the three-month LIBOR. Both tranches of these notes will mature on November 16, 2009. The issuance was managed exclusively by Goldman Sachs, showcasing their role as the sole lead manager for the transaction. This move highlights Goldman Sachs’ strategy in the current financial market, leveraging floating-rate notes to meet investor demand and optimize their financing activities. You Might Be Interested In Amazon on the Verge of $2 Trillion Club: AI and Cloud Powering Growth Tusima and Japan’s Largest Aggregated Payment Platform Netstars Forge Strategic Cooperation in the Offline Consumer Points Field Goldman Sachs Plans to Double Lending to Ultra-Wealthy Clients Over Five Years Exxon Mobil Predicts Sustained High Demand for Oil Through 2050, Diverging from BP’s Projections Amazon Extends Partnership with Grubhub, Offers Integrated Ordering for Prime Members OpenAI Appoints Sarah Friar as CFO and Kevin Weil as CPO
