By Andrea Heisinger
New York, Sept. 17 - Citigroup Inc. sold $2 billion of 5.5% five-year senior notes Thursday to yield Treasuries plus 325 basis points, an informed source said.
The non-callable notes (A3/A/A+) priced at 99.495 to yield 5.615%.
The notes did not deviate from price talk, the informed source said, selling at the 325 bps spread to Treasuries at which the offering was launched.
The sale comes two days after the company sold $5 billion of notes in four tranches backed by the Federal Deposit Insurance Corp.
Citigroup Global Markets Inc. was the bookrunner.
Proceeds will be used for general corporate purposes.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Senior notes
|
| Amount: | $2 billion
|
| Maturity: | Oct. 15, 2014
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 5.5%
|
| Price: | 99.495
|
| Yield: | 5.615%
|
| Spread: | Treasuries plus 325 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 17
|
| Settlement date: | Sept. 24
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Price talk: | 325 bps
|
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