Goldman Sachs 2003 Annual Report A Global Reaction
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Michael Sherwood, Christopher Egerton-Warburton, Sofia Maroudia
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Michael Sherwood, Christopher Egerton-Warburton, Sofia Maroudia

hm treasury
(her majesty's treasury)

Goldman Sachs jointly led a $3 billion debt offering that enabled the British government to refinance its reserve position and created a benchmark for the United Kingdom in the U.S. dollar market.

The offering was met with outstanding demand, enabling the U.K. to price the bonds at a level more attractive than U.S. Treasuries of comparable maturities. HM Treasury's first U.S. financing in nearly seven years, this groundbreaking transaction exceeded the client's pricing expectations and achieved a high-quality investor distribution.
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