Citigroup talks benchmark three-, 10-year notes for Wednesday pricing

By Aleesia Forni

Virginia Beach, April 22 – Citigroup Inc. is in Wednesday’s market with a benchmark offering of notes (Baa2/A-/A) in three tranches, according to a market source.

The sale includes a three-year fixed-rate note talked in the low-100 basis points area over Treasuries, and a three-year floater talked at the Libor equivalent.

A 10-year tranche of notes is talked in the area of Treasuries plus 150 bps.

Citigroup Global Markets Inc. is the bookrunner.

Citigroup is based in New York.

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