Published on 7/2/2012 in the Prospect News Investment Grade Daily.
New Issue: Citigroup reopens 4.5% senior notes due 2022 to add $750 million at 250 bps spread
By Andrea Heisinger
New York, July 2 - Citigroup Inc. reopened its issue of 4.5% senior notes due Jan 14, 2022 to add $750 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa2/A-/A) were priced at 102.751 to yield 4.147% with a spread of Treasuries plus 250 basis points. The bonds are non-callable.
Total issuance is $2 billion, including bonds priced in two previous deals.
Bookrunner was Citigroup Global Markets Inc. was the bookrunner.
Deutsche Bank Securities Inc., Nomura Securities International Inc., UBS Securities LLC and Wells Fargo Securities LLC were senior co-managers.
Junior co-managers were ABN Amro Securities (USA) LLC, Banca IMI SpA, Barclays Capital Inc., Blaylock Robert Van, LLC, BNP Paribas Securities Corp., CastleOak Securities, LP, Credit Suisse Securities (USA) LLC, Drexel Hamilton, LLC, Kota Global Securities Inc., Lebenthal & Co., LLC, Lloyds Securities Inc., Loop Capital Markets LLC, Mischler Financial Group, Inc., M.R. Beal & Co. PNC Capital Markets LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC and Williams Capital Group, LP.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Senior notes
|
| Amount: | $750 million reopened
|
| Maturity: | Jan. 14, 2022
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Senior co-managers: | Deutsche Bank Securities Inc., Nomura Securities International Inc., UBS Securities LLC, Wells Fargo Securities LLC
|
| Junior co-managers: | ABN Amro Securities (USA) LLC, Banca IMI SpA, Barclays Capital Inc., Blaylock Robert Van, LLC, BNP Paribas Securities Corp., CastleOak Securities, LP, Credit Suisse Securities (USA) LLC, Drexel Hamilton, LLC, Kota Global Securities Inc., Lebenthal & Co., LLC, Lloyds Securities Inc., Loop Capital Markets LLC, Mischler Financial Group, Inc., M.R. Beal & Co., PNC Capital Markets LLC, RBC Capital Markets, LLC, TD Securities (USA) LLC, Williams Capital Group, LP
|
| Coupon: | 4.5%
|
| Price: | 102.751
|
| Yield: | 4.147%
|
| Spread: | Treasuries plus 250 bps
|
| Call: | Non-callable
|
| Trade date: | June 29
|
| Settlement date: | July 9
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: A-
|
| Fitch: A
|
| Total issuance: | $2 billion, including bonds priced in two previous deals
|
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