Goldman Sachs returning to Australia for TLAC-compliant deal

Goldman Sachs (BBB+/A3/A) launched a seven-year deal in the Australian market on 20 April. Unlike other recent US bank issuance in Australia – including the A$1.2 billion (US$899.4 million) print by Wells Fargo & Company on 19 April – Goldman Sachs is issuing off its Kangaroo programme rather than issuing a global transaction.