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Published on 11/26/2012 in the Prospect News Investment Grade Daily.

New Issue: Citigroup prices $500 million five-year floaters at Libor plus 119 bps

By Andrea Heisinger

New York, Nov. 26 - Citigroup Inc. priced $500 million of five-year floating-rate notes on Monday at par to yield Libor plus 119 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Baa2/A-/A) are non-callable.

Citigroup Global Markets Inc. was the bookrunner.

The financial services company is based in New York City.

Issuer:Citigroup Inc.
Issue:Floating-rate notes
Amount:$500 million
Maturity:Dec. 4, 2017
Bookrunner:Citigroup Global Markets Inc.
Co-managers:Blaylock Robert Van, LLC, Mischler Financial Group, Inc., M.R. Beal & Co., Samuel A. Ramirez & Co., Inc.
Coupon:Libor plus 119 bps
Price:Par
Yield:Libor plus 119 bps
Call:Non-callable
Distribution:SEC registered
Trade date:Nov. 26
Settlement date:Dec. 4
Ratings:Moody's: Baa2
Standard & Poor's: A-
Fitch: A

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