By Sheri Kasprzak
New York, Feb. 27 - Citigroup Inc. sold $500 million of five-year floating-rate senior notes on Monday, according to a free writing prospectus filed with the Securities and Exchange Commission.
The notes (A3/A-/A) were sold through bookrunner Citigroup Global Markets Inc. The co-managers were CastleOak Securities LP, C.L. King & Associates Inc., Drexel Hamilton LLC and Loop Capital Markets LLC.
The notes, which mature March 6, 2017, priced at par to yield Libor plus 220 basis points.
Proceeds will be used for general corporate purposes.
The financial services company is based in New York.
| Issuer: | Citigroup Inc.
|
| Issue: | Floating-rate senior notes
|
| Amount: | $500 million
|
| Maturity: | March 6, 2017
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Co-managers: | CastleOak Securities LP, C.L. King & Associates Inc., Drexel Hamilton LLC, Loop Capital Markets LLC
|
| Coupon: | Three-month Libor plus 220 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 220 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 27
|
| Settlement date: | March 6
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
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