By Aleesia Forni
Virginia Beach, June 9 – Citigroup Inc. priced $1.25 billion of 3.75% notes due 2024 with a spread of Treasuries plus 115 basis points, according to an informed source.
The notes (Baa2/A-/A) priced at 99.876 to yield 3.765%.
Citigroup Global Markets Inc. was the bookrunner.
The bank is based in New York.
| Issuer: | Citigroup Inc.
|
| Amount: | $1.25 billion
|
| Description: | Senior notes
|
| Maturity: | June 16, 2024
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 3.75%
|
| Price: | 99.876
|
| Yield: | 3.765%
|
| Spread: | Treasuries plus 115 bps
|
| Trade date: | June 9
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: A-
|
| Fitch: A
|
| Distribution: | SEC-registered
|
| Price talk: | Treasuries plus 117 bps area
|
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