By Andrea Heisinger
New York, June 11 - Citigroup Inc. reopened its issue of 8.5% 10-year notes, which are not backed by the Federal Deposit Insurance Corp., on Thursday to add $1 billion, an informed source said.
The notes (A3/A/A+) priced at 101.655 to yield 8.251%, or Treasuries plus 437.5 basis points. They are non-callable.
Total issuance is $3 billion, including $2 billion priced May 15 at Treasuries plus 562.5 bps.
The bookrunner was Citigroup Global Markets Inc.
Senior co-managers were Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. and RBS Securities Inc.
Junior co-managers were Blaylock Robert Van LLC, BNP Paribas Securities Corp., Cabrera Capital Markets LLC, Credit Suisse Securities, NBF Securities, RBC Capital Markets Corp., TD Securities (USA) LLC, UBS Securities and Unicredit Capital Markets.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Notes, non-FDIC
|
| Amount: | $1 billion reopened
|
| Maturity: | May 22, 2019
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Senior co-managers: | Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., RBS Securities Inc.
|
| Junior co-managers: | Blaylock Robert Van LLC, BNP Paribas Securities Corp., Cabrera Capital Markets LLC, Credit Suisse Securities, NBF Securities, RBC Capital Markets, TD Securities (USA) LLC, UBS Securities, Unicredit Capital Markets.
|
| Coupon: | 8.5%
|
| Price: | 101.655
|
| Yield: | 8.251%
|
| Spread: | Treasuries plus 437.5 bps
|
| Call: | Non-callable
|
| Trade date: | June 11
|
| Settlement date: | June 18
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Total issuance: | $3 billion, including $2 billion priced May 15 at 562.5 bps over Treasuries
|
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