Goldman Raising $16 Billion in Record Wall Street Bank Bond Sale

Goldman Sachs Group Inc. raised $16 billion with the largest investment-grade bond sale ever from a Wall Street bank, leading a surge of borrowing by big lenders that’s kicking off what’s expected to be a record year of corporate bond issuance.

The offering from Goldman — which was $4 billion more than the minimum the bank set out to raise — came after it reported strong quarterly profits. It was also being marketed as Morgan Stanley and Wells Fargo & Co. both raised $8 billion through debt sales, according to people with knowledge of the matter.

The ...