By Aleesia Forni
New York, Jan. 5 – Citigroup Inc. priced a $2 billion offering of 3.7% 10-year senior notes on Tuesday at Treasuries plus 148 basis points, according to a market source.
The notes (Baa1/BBB+/A) sold at 99.867 to yield 3.716%.
Pricing was at the tight end of the Treasuries plus 150 bps area guidance, which had firmed from talk set in the Treasuries plus 165 bps area.
Citigroup Global Markets Inc. is the bookrunner.
The financial services company is based in New York.
| Issuer: | Citigroup Inc.
|
| Amount: | $2 billion
|
| Description: | Senior notes
|
| Maturity: | Jan. 12, 2026
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 3.7%
|
| Price: | 99.867
|
| Yield: | 3.716%
|
| Spread: | Treasuries plus 148 bps
|
| Trade date: | Jan. 5
|
| Settlement date: | Jan. 12
|
| Ratings: | Moody’s: Baa1
|
| Standard & Poor’s: BBB+
|
| Fitch: A
|
| Price guidance: | Treasuries plus 150 bps area, tightened from Treasuries plus 165 bps area
|
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