By Jennifer Chiou
New York, Sept. 5 - Citigroup Inc. reopened its issue of 6% senior notes due Aug. 15, 2017 (Aa1/AA/AA+), adding a further $200 million at a spread of Treasuries plus 130 basis points, according to a term sheet.
With an additional $300 million notes priced previously, on top of the original $1.5 billion, the total size is now $2 billion.
The add-on was priced at 101.69 to yield 5.773%.
Citigroup Global Markets Inc. was the bookrunner on the deal. Goldman, Sachs & Co. and Lehman Brothers Inc. were the co-managers while Cabrera Capital Markets, LLC and Jackson Securities LLC were the junior co-managers.
| Issuer: | Citigroup Inc.
|
| Issue: | Senior notes
|
| Amount: | $200 million (total issue now $2 billion)
|
| Maturity: | Aug. 15, 2017
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Co-managers: | Goldman, Sachs & Co., Lehman Brothers Inc.
|
| Junior co-managers: | Cabrera Capital Markets, LLC, Jackson Securities LLC
|
| Coupon: | 6%
|
| Price: | 101.69
|
| Yield: | 5.773%
|
| Spread: | 130 basis points
|
| Call: | Non-callable
|
| Trade date: | Sept. 5
|
| Settlement date: | Sept. 14 plus accrued interest from Aug. 15
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Fitch: AA+
|
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