Published on 12/16/2004 in the Prospect News Convertibles Daily.
New Issue: Citigroup prices $10 million notes exchangeable for Tyco to yield 0.5% up 8.75%
New York, Dec. 16 - Citigroup Global Markets Holdings Inc. priced $10 million of seven-year notes exchangeable for the common stock of Tyco International Ltd. to yield 0.5% with an 8.75% initial exchange premium, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | Citigroup Global Markets Holdings Inc.
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Issue: | Exchangeable medium-term notes
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Underlying stock: | Tyco International Ltd.
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Amount: | $10 million
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Maturity: | Dec. 16, 2011
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Coupon: | 0.5%
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Price: | Par
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Yield: | 0.5%
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Call: | Oct. 18, 2007 onwards at greater of par in cash or 26.7315 shares
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Exchange premium: | 8.75%
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Exchange ratio: | 26.7315
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Underwriter: | Citigroup
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Pricing date: | Dec. 9
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Settlement date: | Dec. 16
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