Goldman sells a 50-year bond

The bank targeted private investors on the sale of the longest senior bond ever sold

Goldman Sachs sold $1.3bn of 50-year bonds yesterday, its longest senior bond ever.

The sale was targeted at private investors rather than institutions, but institutions accounted for about 20% of the buyers. according to a person familiar with the deal, who speculated that the interest could have come from hedge funds.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It