New Issue: Citigroup gives details of $550 million 10-year notes; floaters to yield Libor plus 170 bps

By Andrea Heisinger

Omaha, May 7 - Citigroup Inc. released details of its $550 million sale of 10-year floating-rate senior notes, which priced late Tuesday at par to yield three-month Libor plus 170 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aa3/AA-/AA-) are non-callable and have a coupon payable quarterly.

Citigroup Global Markets Inc. was the bookrunner.

Co-managers were Deutsche Bank Securities Inc., Goldman Sachs & Co., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Banc of America Securities LLC, Barclays Capital Inc., Greenwich Capital Markets, Samuel A. Ramirez & Co., Inc., Muriel Siebert & Co., Inc. and UBS Securities LLC.

The financial services company is based in New York City.

Issuer:	Citigroup Inc.
Issue:	Senior floating-rate notes
Amount:	$550 million
Maturity:	May 15, 2018
Bookrunner:	Citigroup Global Markets Inc.
Co-managers:	Deutsche Bank Securities Inc., Goldman Sachs & Co., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Banc of America Securities LLC, Barclays Capital Inc., Greenwich Capital Markets, Samuel A. Ramirez & Co., Inc., Muriel Siebert & Co., Inc., UBS Securities LLC
Coupon:	Three-month Libor plus 170 bps
Price:	Par
Yield:	Three-month Libor plus 170 bps
Call:	Non-callable
Trade date:	May 6
Settlement date:	May 13
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
	Fitch: AA-

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