Goldman Sachs plans to raise at least $5 billion through a bond issuance

Glonghui, April 13 — According to informed sources, Goldman Sachs is seeking to raise at least $5 billion through the issuance of investment-grade bonds. The securities firm’s bond issuance is divided into three tranches with maturities ranging from 4 to 8 years. The longest-term bonds are initially priced at about 1.25 percentage points above U.S. Treasury yields. In the first quarter, Goldman Sachs reported revenue of $4.01 billion from fixed income, foreign exchange, and commodities trading, more than $800 million below analysts’ consensus estimates.