By Andrea Heisinger
New York, Jan. 27 - Citigroup Inc. added an additional $500 million tranche Tuesday to its issue of 2.125% notes due April 30, 2012 backed by the Federal Deposit Insurance Corp., according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) priced at 99.59 to yield 2.2567%, or Treasuries plus 104.9 basis points.
The original non-callable issue priced Friday as part of a multi-tranche $12 billion deal.
Total issuance for the notes is $8 billion, including the original tranche of $7.5 billion priced Jan. 23.
Citigroup Global Markets Inc. ran the books.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed notes
|
| Amount: | $500 million added
|
| Maturity: | April 30, 2012
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 2.125%
|
| Price: | 99.59
|
| Yield: | 2.2567%
|
| Spread: | Treasuries plus 104.9 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issuance: | $8 billion, including original $7.5 billion tranche priced Jan. 23
|
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