Goldman Sachs and Wells Fargo Launch Multi-Tranche Bond Sales After Q4 Earnings

Goldman Sachs and Wells Fargo have initiated offerings in the US high-grade bond market following their fourth-quarter earnings reports. Goldman Sachs is marketing bonds in up to six tranches with maturities ranging from three to 21 years, aiming to raise at least $12 billion, with pricing discussions indicating a premium of about 1.05 percentage points over Treasuries on the longest tenor. Wells Fargo is offering bonds in up to four tranches spanning four to 21 years, with initial price talks around 0.95 to 1 percentage point over Treasuries. These sales follow similar recent issuances by other major Wall Street banks.