By Cristal Cody
Eureka Springs, Ark., Aug. 19 – Citigroup, Inc. priced $2 billion of seven-year floating-rate notes at 99.684 with a coupon of Libor plus 148 basis points on Friday, according to a market source.
The notes due Sept. 1, 2023 (Baa1/BBB+/A) are non-callable for six years.
Citigroup Global Markets Inc. was the bookrunner.
Citigroup is a financial services company based in New York.
| Issuer: | Citigroup, Inc.
|
| Amount: | $2 billion
|
| Description: | Floating-rate notes
|
| Maturity: | Sept. 1, 2023
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | Libor plus 148 bps
|
| Price: | 99.684
|
| Call feature: | Non-callable for six years
|
| Trade date: | Aug. 19
|
| Settlement date: | Sept. 1
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A
|
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