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Published on 9/23/2010 in the Prospect News Investment Grade Daily.

New Issue: Citigroup adds $750 million to three-year Libor plus 200 bps floaters

By Andrea Heisinger

New York, Sept. 23 - Citigroup Inc. reopened its issue of three-year floating-rate notes to add $750 million, according to an FWP filing with the Securities and Exchange Commission.

The additional notes (A3/A/A+) priced at 100.4382 with a coupon of three-month Libor plus 200 basis points. They are non-callable.

The total size of the issue is now $1.5 billion including $750 million priced at par on Aug. 6.

Citigroup Global Markets ran the books.

Cabrera Capital Markets, Lebenthal & Co. LLC, MFR Securities, M.R. Beal & Co. and Muriel Siebert & Co. Inc. were co-managers.

The financial services company is based in New York City.

Issuer:Citigroup Inc.
Issue:Floating-rate notes
Amount:$750 million, reopened
Maturity:Aug. 13, 2013
Bookrunner:Citigroup Global Markets
Co-managers:Cabrera Capital Markets, Lebenthal & Co. LLC, MFR Securities, M.R. Beal & Co., Muriel Siebert & Co. Inc.
Coupon:Three-month Libor plus 200 bps
Price:100.4382
Call:Non-callable
Trade date:Sept. 22
Settlement date:Sept. 29
Ratings:Moody's: A3
Standard & Poor's: A
Fitch: A+

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