Goldman Sachs launched a three-tranche euro-denominated bond offering on
Wednesday, following its quarterly results and a $10bn U.S. bond sale yesterday.
The bank is seeking at least €1.5bn (~$1.7bn). The deal comprises a
floating-rate note and a shorter-term fixed-rate note, each with a first call
after three years, and a longer-term fixed-rate note with a first call after
seven years. People familiar with the matter gave initial price guidance: FRN at
3M Euribor +100–105bp; shorter fixed at mid-swap +90–95bp; longest fixed at
mid-swap +125–130bp.
