More Corporate Supply

January 29th, 2009 11:56 am | by John Jansen |

Hess is offering a 5 year and a 10 year and Goldman Sachs is offering a non FDIC wrapped 10 year.

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  1. 5 Responses to “More Corporate Supply”

  2. By Bob on Jan 29, 2009 | Reply

    I can’t figure out…
    Why would GS offer a non-wrapped 10 year?
    What can we learn from the difference in where the wrapped vs non-wrapped price?

  3. By John Jansen on Jan 29, 2009 | Reply

    The FDIC wrap does not extend beyond June 2012.

  4. By Danny on Jan 29, 2009 | Reply

    John,
    FYI….

    “Separately, the FDIC board announced that it will soon propose rule changes to its Temporary Liquidity Guarantee Program to extend the maturity of the guarantee from three to up to 10 years where the debt is supported by collateral and the issuance supports new consumer lending.”

    Link: http://www.fdic.gov/news/news/press/2009/pr09004.html

  5. By Penguin on Jan 29, 2009 | Reply

    I’m w/Bob. The issue seems curious given the change anticipated per Danny’s link. Other thoughts on why this course of action vs waiting?

  6. By Doug P on Jan 29, 2009 | Reply

    Rumor is that this is to cover GS’s bonuses.

    I wonder if they will advise their clients to short their own bond issue…

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