New Issue: Citigroup sells $1.35 billion 1.75% five-year notes at Treasuries plus 108 bps

By Andrea Heisinger

New York, April 24 - Citigroup Inc. hit Wednesday's market with a $1.35 billion sale of 1.75% five-year notes priced at Treasuries plus 108 basis points, a source close to the trade said.

Guidance was in the 110 bps area, plus or minus 2 bps.

Pricing was at 99.929 to yield 1.765%. There is no call option.

Citigroup Global Markets LLC was the bookrunner.

The financial services company is based in New York City.

Issuer:	Citigroup Inc.
Issue:	Notes
Amount:	$1.35 billion
Maturity:	May 1, 2018
Bookrunner:	Citigroup Global Markets LLC
Co-managers:	ABN Amro Inc., HSBC Securities (USA) Inc., Lloyds Securities, Inc., Swedbank, UniCredito, Wells Fargo Securities LLC, Natixis Securities Americas LLC, Cabrera Capital Markets LLC, CastleOak Securities LP, Lebenthal & Co. LLC, MFR Securities, Mischler, Williams Capital Group LP, VTB, Fifth Third Securities Inc., SunTrust Robinson Humphrey Inc., Capital One, BNY Mellon Capital Markets LLC, Samuel A. Ramirez & Co. Inc.
Coupon:	1.75%
Price:	99.929
Yield:	1.765%
Spread:	Treasuries plus 108 bps
Call:	Non-callable
Trade date:	April 24
Settlement date:	May 1
Ratings:	Moody's: Baa2
	Standard & Poor's: A-
	Fitch: A
Price talk:	110 bps area, plus or minus 2 bps

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