Goldman Sachs issues $10 billion in new debt securities across multiple maturities

Goldman Sachs Group Inc. (NYSE:GS), a $240.88 billion market cap financial giant with a "GOOD" financial health rating according to InvestingPro, issued $10 billion in new debt securities on Tuesday, according to a statement filed with the Securities and Exchange Commission. The offerings include a range of floating and fixed/floating rate notes with maturities spanning from 2029 to 2036.

The new issuances are as follows:

• $500 million Floating Rate Notes due 2029
• $2.5 billion 4.153% Fixed/Floating Rate Notes due 2029
• $500 million Floating Rate Notes due 2031
• $3 billion 4.369% Fixed/Floating Rate Notes due 2031
• $3.5 billion 4.939% Fixed/Floating Rate Notes due 2036

The debt was issued under Goldman Sachs’ existing shelf registration statement on Form S-3. The filing also included related legal opinions and consents as exhibits.

This information is based on a press release statement included in the SEC Form 8-K filing.

In other recent news, Goldman Sachs has reported strong third-quarter results, exceeding market expectations with earnings per share of $12.25. This marks a 46% increase year-over-year and a 12% growth quarter-over-quarter, surpassing forecasts by 11.1%. In response to these results, Freedom Capital Markets upgraded Goldman Sachs from Sell to Hold and raised its price target to $794.00. Conversely, JPMorgan downgraded Goldman Sachs from Overweight to Neutral, citing fair valuation as the reason, while adjusting its price target to $750.00. Additionally, the company has launched onshore private wealth management services in Riyadh, Saudi Arabia, further expanding its presence in the Middle East. In another development, Goldman Sachs is forming a new team to expand its infrastructure financing operations, targeting opportunities in the artificial intelligence sector. The company also announced the departure of its chief credit strategist, Lotfi Karoui, after 18 years of service. These developments highlight Goldman Sachs’ strategic moves and recent changes within the firm.

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