By Andrea Heisinger
New York, July 20 - Citigroup Inc. priced $2.5 billion of 8.125% 30-year notes Monday at Treasuries plus 380 basis points, an informed source said.
They were sold without the backing of the Federal Deposit Insurance Corp.
The notes (A3/A/A+) priced at 97.971 to yield 8.310%. They are non-callable.
There was about $8 billion of demand on the books for the sale, a source said.
The bookrunner was Citigroup Global Markets.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Non-FDIC notes
|
| Amount: | $2.5 billion
|
| Maturity: | July 15, 2039
|
| Bookrunner: | Citigroup Global Markets
|
| Coupon: | 8.125%
|
| Price: | 97.971
|
| Yield: | 8.310%
|
| Spread: | Treasuries plus 380 bps
|
| Call: | Non-callable
|
| Trade date: | July 20
|
| Settlement date: | July 23
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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