Goldman smashes 5% in pref market as BNPP makes triumphant return
Goldman Sachs set the lowest coupon of 2019 on a new preferred deal in the institutional bond market this week, while BNP Paribas buried the memory of its troubled dollar trade in January with a storming come-back.
Goldman Sachscame to the market on Wednesday with a new $1000 par preferred, printing the $600m perpetual non-call five year trade at 4.95%, beating the 5% achieved by Citi with its fixed-to-float preferred trade in September.There have been tighter $25 par preferred deals ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com