The New Norm: 50-Year Bond for Goldman Sachs

Will GS exists in 2060?

A first 60-year note, for Goldman Sachs.

No doubt, the first of many to come. Note the maturity: Nov 2060 (yes, two thounsand and sixty).

All these banks are loading up on money, boosting their balance sheets, taking advantage of investors desperate search for yield.

ISSUER: Goldman Sachs Group, Inc.
EXPECTED RATINGS: A1 / A / A+ (Negative / Negative / Negative)
REGISTRATION: SEC Registered
SECURITY DESCRIPTION: Senior Unsecured Notes
TOTAL SIZE: $1.3bn (52mm $25 par notes)
PAR AMOUNT: $25 Par
MATURITY: 50yr (November 1, 2060)
PRICE GUIDANCE: 6.125%
PAYMENT DATES: Quarterly on or about the 1st of February, May, August and November, beginning February 1st, 2011