Published on 9/5/2007 in the Prospect News Investment Grade Daily.
New Issue: Citigroup adds $300 million to 5.25% senior notes at Treasuries plus 115 bps
By Jennifer Chiou
New York, Sept. 5 - Citigroup Inc. reopened its issue of 5.25% senior notes due Feb. 27, 2012 (Aa1/AA/AA+), adding a further $300 million at a spread of Treasuries plus 115 basis points, according to a term sheet.
The total size is now $1.3 billion.
The add on was priced at 99.762 to yield 5.31%.
Citigroup Global Markets Inc. was the bookrunner on the deal. Goldman, Sachs & Co. and Lehman Brothers Inc. were the senior co-managers while Cabrera Capital Markets, LLC and Jackson Securities LLC were the junior co-managers.
Issuer: | Citigroup Inc.
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Issue: | Senior notes
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Amount: | $300 million (total issue now $1.3 billion)
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Maturity: | Feb. 27, 2012
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Bookrunner: | Citigroup Global Markets Inc.
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Senior co-managers: | Goldman, Sachs & Co., Lehman Brothers Inc.
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Junior co-managers: | Cabrera Capital Markets, LLC, Jackson Securities LLC
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Coupon: | 5.25%
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Price: | 99.762
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Yield: | 5.31%
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Spread: | 115 basis points
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Trade date: | Sept. 5
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Settlement date: | Sept. 14, with accrued interest from Aug. 27
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Ratings: | Moody's: Aa1
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| Standard & Poor's: AA
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| Fitch: AA+
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