By Aleesia Forni
Virginia Beach, Feb. 10 – Citigroup Inc. was in Tuesday’s market with a $2 billion sale of 2.4% five-year senior notes sold with a spread of Treasuries plus 95 basis points, an informed source said.
The notes (Baa2/A-/A) priced at the tight end of talk, which was set in the 98 bps area over Treasuries.
Pricing was at 99.78 to yield 2.447%.
Citigroup Global Markets Inc. was the bookrunner.
The bank is based in New York.
| Issuer: | Citigroup Inc.
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| Amount: | $2 billion
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| Description: | Senior notes
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| Maturity: | Feb. 13, 2020
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| Bookrunner: | Citigroup Global Markets Inc.
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| Coupon: | 2.4%
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| Price: | 99.78
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| Yield: | 2.447%
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| Spread: | 95 bps
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| Trade date: | Feb. 10
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| Ratings: | Moody’s: Baa2
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| Standard & Poor’s: A-
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| Fitch: A
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| Distribution: | SEC-registered
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| Price talk: | 98 bps area
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