By Wendy Van Sickle
Columbus, Ohio, July 7 – Citigroup Inc. priced $5 million of floating-rate notes due July 6, 2029 based on SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR plus a spread of 170 basis points with a floor of 0% for the interest rate. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
|
Issue: | Floating-rate notes
|
Underlying rate: | SOFR
|
Amount: | $5 million
|
Maturity: | July 6, 2029
|
Coupon: | SOFR plus 170 bps with a floor of 0% for the interest rate, payable quarterly
|
Price: | Par
|
Payout at maturity: | Par plus accrued interest
|
Pricing date: | July 1
|
Settlement date: | July 6
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 0.25%
|
Cusip: | 17330PLZ0
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.