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Goldman issues $2 billion of 10-year notes

Tuesday, March 2, 2010

Goldman Sachs yesterday sold $2 billion of dollar denominated 2020-dated senior notes. The 5.375% notes yield 190bp over treasuries. 10-year credit default swaps referencing the bank trade at 132bp currently.

US banks are said to be looking to secure longer-term funding to replace 2012-dated debt guaranteed by the government.

US Bancorp also sold $500 million of five-year notes with a yield of 3.15%.

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