U.S. Treasury to price about $900 million of Citigroup subordinated notes due 2022 on Tuesday

By Andrea Heisinger

New York, Feb. 4 - The U.S. Department of the Treasury is selling Citigroup Inc. subordinated notes (Baa3/BBB+/BBB+) due 2022, a market source said on Monday.

The notes, which feature a maturity of 9.5 years, are expected to price in Tuesday's session, with a size of about $900 million, the source said. Settlement will be three days after pricing.

Citigroup Global Markets Inc. is global coordinator. Active bookrunners are Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities LLC.

Passive bookrunners are Barclays, Bank of America Merrill Lynch, ING Financial Markets LLC, RBS Securities Inc. and SMBC Nikko Capital Markets Ltd.

The financial services company is based in New York City.

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