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Goldman launches $1 bln nonguaranteed notes - IFR

Wed Jul 15, 2009 10:04am EDT

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NEW YORK, July 15 (Reuters) - Goldman Sachs Group (GS.N) on Wednesday launched a self-led sale of $1 billion nonguaranteed notes, according to IFR.

The notes are expected to yield 212.5 basis points more than Treasuries, with pricing later on Wednesday, said IFR, a Thomson Reuters Service.

The sale comes a day after Goldman posted stellar second-quarter earnings on blowout trading results, beating analysts' estimates. On Wednesday, several brokerages raised their full-year earnings outlook on the Wall Street bank. For details click on [ID:nBNG482037]. (Reporting by Dena Aubin; Editing by Theodore d'Afflisio)



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