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-- Goldman Sachs Group Inc., which set a Wall Street earnings record in the second quarter, sold $1 billion of three-year global notes, according to data compiled by Bloomberg.
The 3.625 percent debt priced to yield 212.5 basis points more than similar-maturity Treasuries, Bloomberg data show. A basis point is 0.01 percentage point.
Goldman Sachs hasn’t issued bonds with the backing of the Federal Deposit Insurance Corp. since March
Today’s debt is likely to be rated A1 by Moody’s In
These guys really know how to make connections and play the market, gotta hand it to them i'm sorry.
Originally posted by HunkaHunka
I don't get it? I mean, I see the scandal in letting bear and lehman fail while saving goldman.... but didn't they do something good by giving the money back?