Goldman Sachs Group Inc., tapping demand that has driven borrowing costs near their lowest in almost five years, issued $2 billion of bonds at a yield premium 44% less than the last time it sold similar-maturity debt.

The 5.375%, 10-year notes were priced to yield 5.493%, or 190 basis points more than Treasuries, according to data compiled by Bloomberg. The New York banking company paid a spread of 337.5 basis points, or 3.375 percentage points, in its last 10-year sale, in May, the data showed.

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