By Andrea Heisinger
New York, March 29 - Citigroup Inc. priced $750 million of three-year floating-rate notes on Tuesday at par to yield three-month Libor plus 93 basis points, according to a source who worked on the sale.
The notes were sold at the tight end of talk, which was in the Libor plus 95 bps area.
The notes (A3/A/A+) are non-callable.
Citigroup Global Markets Inc. was the bookrunner.
Proceeds are being used for general corporate purposes.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Floating-rate notes
|
| Amount: | $750 million
|
| Maturity: | April 1, 2014
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | Three-month Libor plus 93 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 93 bps
|
| Call: | Non-callable
|
| Trade date: | March 29
|
| Settlement date: | April 1
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Price talk: | Libor plus 95 bps area
|
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