Goldman inks SOFR debut in busy US FIG week

By David Rothnie
23 May 2019

Goldman Sachs led a stampede by US banks to the dollar market this week with its debut bond offering using an alternative to Libor.

Goldman Sachs Group, rated  A1/A+, secured a hot reception for its debut trade referencing the secured overnight financing rate (SOFR). It racked up $2.25bn of orders to print an increased $1bn two year non-call one year floater at 60bp over SOFR.

SOFR is seen as a potential ...

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