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Goldman to Sell $2.5 Billion Preferreds Following Spread Low

Deals·1 article across 1 outlet

Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data

Goldman Sachs Group Inc. is selling new preferred shares Monday, just days after a metric determining risk and value in these securities hit its lowest level since the global financial crisis.

The sale comes as investors are closely monitoring the market conditions that influence the pricing of preferred stocks.

Goldman Sachs

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