New Issue: Citigroup prices $2 billion 2.5% five-year notes at 85 bps spread

By Aleesia Forni

Virginia Beach, July 22 – Citigroup Inc. was in Tuesday’s market with a $2 billion offering of 2.5% five-year senior notes priced with a spread of Treasuries plus 85 basis points, an informed source said.

The notes (Baa2/A-/A) sold at 99.939 to yield 2.513%.

Citigroup Global Markets Inc. was the bookrunner.

The bank is based in New York.

Issuer:	Citigroup Inc.
Amount:	$2 billion
Description:	Senior notes
Maturity:	July 29, 2019
Bookrunner:	Citigroup Global Markets Inc.
Senior co-managers:	Scotia Capital (USA) Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Wells Fargo Securities LLC, Nomura Securities Co. Ltd.
Coupon:	2.5%
Price:	99.939
Yield:	2.513%
Spread:	Treasuries plus 85 bps
Trade date:	July 22
Settlement date:	July 29
Ratings:	Moody’s: Baa2
	Standard & Poor's: A-
	Fitch: A
Price talk:	Treasuries plus 95 bps area

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