Goldman Extends Borrowing Run With $6.5 Billion Bond Sale
The Goldman Sachs headquarters in New York.
Photographer: Michael Nagle/BloombergGoldman Sachs Group Inc. raised $6.5 billion from a US investment-grade bond sale, extending a borrowing spree that included a record debt offering earlier this year.
The deal tested investor appetite after a surprise drop in the investment bank’s bond-trading revenue overshadowed stronger-than-expected first-quarter earnings, sending its shares lower.