US issuers look to euros as earnings come to a close
US issuers are tapping into favourable conditions the euro bond market after reporting their latest results. Goldman Sachs and New York Life Insurance were quick to launch senior bonds on Thursday, boosting supply volumes just as European lenders start preparing for their own reporting season.
Goldman Sachs opened books for a dual-tranche senior bond in the euro market on Thursday morning.
The US lender was marketing a 3.25 year non-call 2.25 bond in floating rate format, as well as a 10 year fixed rate bond.Goldman Sachs ran the trade as sole ...