New Issue: Citigroup prices $225 million more notes due July 2018 to yield Libor plus 88 bps

By Cristal Cody

Tupelo, Miss., Oct. 5 – Citigroup Inc. (Baa1/A-/A) sold a $225 million reopening of its floating-rate notes due July 30, 2018 at par to yield Libor plus 88 basis points on Monday, according to a 424B2 filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc. was the bookrunner.

The notes form part of the same series of floating-rate notes issued on July 30. Citigroup originally sold $500 million of the floaters on July 23 at par to yield Libor plus 88 bps. The total outstanding of the series is $725 million.

Proceeds from the deal will be used for general corporate purposes.

Citigroup is a New York City-based financial services company.

Issuer:	Citigroup Inc.
Amount:	$225 million reopening
Maturity:	July 30, 2018
Securities:	Floating-rate notes
Bookrunner:	Citigroup Global Markets Inc.
Co-managers:	C.L. King & Associates, Inc., Lebenthal & Co., LLC, MFR Securities, Inc. and Siebert Brandford Shank & Co., LLC
Coupon:	Libor plus 88 bps
Price:	Par
Yield:	Libor plus 88 bps
Pricing date:	Oct. 5
Settlement date:	Oct. 9
Ratings:	Moody’s: Baa1
	Standard & Poor’s: A-
	Fitch: A
Distribution:	SEC registered
Total amount:	$725 million, including $500 million priced on July 23, 2015 at par

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