Goldman Sachs stock holds steady after $14.75 billion bond sale as rate-cap politics hangs over banks
Goldman Sachs shares nudged up 0.2% on Thursday and held steady in after-hours, last trading at $954.65. According to an SEC filing, the bank issued $14.75 billion in fixed-to-floating rate notes maturing from 2029 to 2047. These notes start with fixed coupons ranging from 4.148% to 5.541%, then switch to floating rates tied to compounded SOFR, the benchmark for overnight U.S. dollar borrowing costs.