Citigroup $125 million greenshoe lifts 7.25% enhanced trust preferreds to $1.225 billion

By Jennifer Chiou

New York, Aug. 10 - Citigroup Capital XIX said its $125 million over-allotment option was fully exercised, lifting its issue of 7.25% enhanced trust preferred securities to $1.225 billion.

On Wednesday, the company priced $1.1 billion of the 60-year securities (Aa2/A+) at par of $25.00 per capital security.

Citigroup Global Markets Inc. was the bookrunner on the deal.

With the greenshoe, net proceeds to Citigroup before expenses are $1,186,766,250.

The deal included a total of 49 million of the trust preferreds.

© 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.