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Market Chatter: Goldman Sachs Leads Multiple High-Grade Bond Sales
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Market Chatter: Goldman Sachs Leads Multiple High-Grade Bond Sales
Apr 18, 2024 6:41 AM

09:27 AM EDT, 04/18/2024 (MT Newswires) -- Goldman Sachs ( GS ) and LG Electronics are expected to sell new high-grade bonds on Thursday, with PNC Financial Services ( PNC ) and Bank of New York Mellon ( BK ) likely to raise capital in the primary market, Bloomberg News reported, citing an informal survey of debt underwriters.

Goldman Sachs ( GS ) is seeking to raise around $4 billion of additional capital following its sale on Tuesday of $2.25 billion in perpetual notes, the report said.

LG Electronics started marketing a two-parter that will price during New York business hours, Bloomberg said, adding that the company garnered $9.3 billion of book orders in one night after the announcement.

None of the companies immediately responded to MT Newswires' requests for comment.

Weekly high-grade bond sales so far are at $24.95 billion and April volume stands at $69.13 billion, Bloomberg said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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