By Wendy Van Sickle
Columbus, Ohio, July 25 – Citigroup Global Markets Holdings Inc. priced $10 million of floating-rate notes due July 25, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to SOFR plus a spread of 175 basis points, subject to a minimum interest rate of 0% per year. Interest is payable quarterly.
The payout at maturity will be par.
Citigroup Inc. guarantees the notes.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Amount: | $10 million
|
| Maturity: | July 25, 2029
|
| Coupon: | SOFR plus 175 bps, subject to 0% minimum interest rate; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | July 21
|
| Settlement date: | July 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fee: | 0.6%
|
| Cusip: | 17330PPW3
|
|
|
|
|
© 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.
