By Andrea Heisinger
New York, Aug. 5 - Citigroup Inc. priced $2.5 billion 6.375% five-year senior notes Wednesday to yield Treasuries plus 380 basis points, an informed source said.
The deal came near the tight end of guidance of 387.5 bps, plus or minus 12.5 bps.
The notes (A3/A/A+) priced at 99.323 to yield 6.535%. They are non-callable.
Citigroup Global Markets Inc. was the bookrunner.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Senior notes
|
| Amount: | $2.5 billion
|
| Maturity: | Aug. 12, 2014
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 6.375%
|
| Price: | 99.323
|
| Yield: | 6.535%
|
| Spread: | Treasuries plus 380 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 5
|
| Settlement date: | Aug. 12
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Price talk: | 387.5 bps, plus or minus 12.5 bps
|
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