Published on 8/1/2012 in the Prospect News Investment Grade Daily.
New Issue: Citigroup reopens 4.5% notes due 2022 to add $500 million
By Andrea Heisinger
New York, Aug. 1 - Citigroup Inc. reopened its issue of 4.5% senior notes due in January 2022 to add $500 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa2/A-/A) were priced at 105.294 to yield 3.826% with a spread of Treasuries plus 235 bps. The bonds are non-callable.
Total issuance is $2.5 billion, including $2 billion priced in three previous deals.
Citigroup Global Markets Inc. ran the books.
Senior co-managers were Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Nomura Securities International, Inc. and UBS Securities LLC.
Junior co-managers were Banca IMI SpA, Blaylock Robert Van, LLC, BNP Paribas Securities Corp., Cabrera Capital Markets, LLC, CastleOak Securities, LP, Kota Global Securities Inc., Lebenthal & Co., LLC, Loop Capital Markets LLC, Mischler Financial Group, Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC and SG Americas Securities, LLC.
The financial services company is based in New York City.
| Issuer: | Citigroup Inc.
|
| Issue: | Senior notes
|
| Amount: | $500 million, reopened
|
| Maturity: | Jan. 14, 2022
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Senior co-managers: | Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Nomura Securities International, Inc., UBS Securities LLC
|
| Junior co-managers: | Banca IMI SpA, Blaylock Robert Van, LLC, BNP Paribas Securities Corp., Cabrera Capital Markets, LLC, CastleOak Securities, LP, Kota Global Securities Inc., Lebenthal & Co., LLC, Loop Capital Markets LLC, Mischler Financial Group, Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC, SG Americas Securities, LLC
|
| Coupon: | 4.5%
|
| Price: | 105.294
|
| Yield: | 3.826%
|
| Spread: | Treasuries plus 235 bps
|
| Call: | Non-callable
|
| Trade date: | July 31
|
| Settlement date: | Aug. 7
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: A-
|
| Fitch: A
|
| Total issuance: | $2.5 billion, including $2 billion issued in three previous deals
|
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