Goldman Said to Delay Samurai Bond on Downgrade Review
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Goldman Sachs Group Inc. delayed its first sale of Samurai bonds in four years after Moody’s Investors Service placed the bank under review for downgrade, according to a person with direct knowledge of the matter.
Goldman Sachs pushed back the offering, which may have been as early as today, to at least Feb. 21, the person said, asking not to be identified because the information is private. The brokerage told investors it plans to raise the size of the sale to at least 60 billion yen ($759 million), from 50 billion yen, and will widen the proposed yield premium, the person said.