By Andrea Heisinger
New York, July 31 - Citigroup Inc. sold $1.25 billion of 2.25% three-year notes on Tuesday at a spread of Treasuries plus 205 basis points, an informed source said.
The deal was priced tighter than talk in the 210 bps area.
The notes (Baa2/A-/) were priced at 99.764 to yield 2.332%.
Citigroup Global Markets Inc. ran the books.
Citi was last in the market with a $750 million reopening of 4.5% notes due 2022 on June 29. Its last sale of three-year notes was in a $1.25 billion issue priced with a 2.65% coupon and a spread of 230 bps over Treasuries on Feb. 22.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Notes
|
| Amount: | $1.25 billion
|
| Maturity: | Aug. 7, 2015
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 2.25%
|
| Price: | 99.764
|
| Yield: | 2.332%
|
| Spread: | Treasuries plus 205 bps
|
| Trade date: | July 31
|
| Settlement date: | Aug. 14
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: A-
|
| Price talk: | 210 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
