(July 15): Goldman Sachs Group Inc kicked off a three-part euro bond sale on Wednesday, a day after reporting earnings and following a US$10 billion (RM40.77 billion) debt offering in the US.

The US lender is looking to raise at least €1.5 billion (RM6.97 billion) from the benchmark-sized transaction, according to a person familiar with the matter who asked not to be identified. It’s split between floating rate and fixed tranches, both first callable in three years, and another longer fixed-rate tranche which can be called after seven years.

Goldman Sachs has already completed two of this year’s biggest debt sales from a financial institution. It raised €7 billion across four euro tranches in February, the region’s largest financial-sector offering in 2026, according to data compiled by Bloomberg. In January, it sold a record US$16 billion of bonds, the biggest-ever offering by a US bank.

Its three-part US offering on Tuesday pulled in investor bids of about US$32 billion at its peak.

The deals come after Goldman beat its own Wall Street stock-trading records, posting US$7.42 billion for the quarter — more than it made in all four quarters of 2019 combined. Meanwhile, its investment bankers posted their highest fees since 2021.

Initial pricing thoughts on the floating-rate note are in the area of 100 to 105 basis points over three-month Euribor while the shorter fixed bond is being marketed in the area of 90 to 95 basis points above mid-swaps. The longest slice is being sold in the area of 125 to 130 basis points above mid-swaps, said the person.

The bonds are expected to carry ratings of A2 from Moody’s Ratings, BBB+ from S&P Global Ratings and A from Fitch Ratings. Goldman Sachs Group Inc is acting as sole bookrunner on the transaction.

Debt distribution: GS US Equity DDIS

Capital structure: GS US Equity CAST

Related securities: GS US Equity RELS

Ratings history: GS US Equity CRPR

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