Figsco lives — Goldman covered trade inches forward

By Bill Thornhill
16 Oct 2014

Goldman Sachs has not given up on its Fixed Income Global Structured Covered Obligation (Figsco). The market has moved in Goldman’s favour since the deal was first announced, despite the bad publicity around the trade.

Press reports suggesting that Goldman Sachs has pulled its Figsco deal are not correct, according to bankers close to the deal. Goldman Sachs International (GSI) appointed Barclays, Crédit Agricole, Natixis, UBS and itself to arrange a series of fixed income investor meetings in June.

However, the deal was ...

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