Goldman Sachs (GS) plans to sell at least $2 billion in 10-year debt, according to a Reuters report, citing Informa Global Markets.
The new debt, which is expected to price at 85 basis points (+/-3) over midswaps, will mature no later than June 30, 2012, and will be guaranteed by the Federal Deposit Insurance Corp, with pricing expected Tuesday.
Goldman Sachs is the sole bookrunner, while Citigroup (C) and Morgan Stanley (MS) are joint leads, the source said.
Goldman had sold debt every January since at least FY2000. The last time the NY-based firm sold debt was in July, when it priced $1 billion in 3-year notes at 3.625%.