Goldman Sachs was set to price a new euro-denominated bond on Wednesday, the first unsecured transaction from a financial institution in about two weeks. With demand peaking at €2.7bn, the issuance could encourage other issuers to follow suit.
Acting as sole bookrunner, Goldman Sachswent out with initial price thoughts of 90bp area over mid-swaps.
Demand for the five year senior bond reached €2.5bn when Goldman released guidance of 70bp-75bp.
The issuer sized the transaction at €1bn on the back of €2.7bn of demand, launching