Wow! Goldman Raises Cash Without Government Help

FDIC backing has allowed financials to raise billions in the last couple months, but here’s something big. Goldman (GS) is raising $1 billion on its own. No FDIC backing. No training wheels.

WSJ: Goldman Sachs Group Inc. is offering a 10-year note without a guarantee from the U.S. government, a bond investor said.

The deal, which is expected to be at least $1 billion, is seen pricing later Thursday.

It’s just $1 billion, but it’s a start. It means at least someone believes Goldman will be around in 10 years.

See Also:
Goldman Raising $2 Billion Through FDIC-Backed Bonds

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