Citigroup plans issue of FDIC-backed fixed- and floating-rate notes

By Andrea Heisinger

New York, Dec. 1 - Citigroup Inc. intends to price an issue of fixed- and floating-rate senior notes guaranteed by the Federal Deposit Insurance Corp., an informed source said Monday.

The issue is expected to price Tuesday.

The offering will follow in the footsteps of Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co. and Bank of America Corp., which have all taken advantage of the provision in the government's financial bailout package that allows FDIC support for financing.

The financial services company is based in New York City.

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