By Aleesia Forni
Virginia Beach, Nov. 7 - Citigroup Inc. came to market on Thursday to price a $1.3 billion issue of senior notes (Baa2/A-/A) in two tranches, according to an informed source.
The company priced $500 million of three-year floaters at par to yield Libor plus 68 basis points.
There was also $800 million of 1.3% notes due 2016 priced at 99.9 to yield 1.334%, or Treasuries plus 80 bps.
The notes were talked in the mid-90 bps area.
Citigroup was last in the high-grade primary market with a $500 million issue of 4.95% senior notes priced with a spread of Treasuries plus 130 bps on Oct. 31.
The financial services company is based in New York.
| Issuer: | Citigroup Inc.
|
| Issue: | Senior notes
|
| Amount: | $1.3 billion
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov. 15
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| Floaters due 2016
|
| Amount: | $500 million
|
| Maturity: | Nov. 15, 2016
|
| Coupon: | Libor plus 68 bps
|
| Price: | Par
|
| Yield: | Libor plus 68 bps
|
|
|
| Notes due 2016
|
| Amount: | $800 million
|
| Maturity: | Nov. 15, 2016
|
| Coupon: | 1.3%
|
| Price: | 99.9
|
| Yield: | 1.334%
|
| Spread: | Treasuries plus 80 bps
|
| Price talk: | Mid-90s bps area
|
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