New Issue: Citi details $2 billion sale of floating-rate notes due 2023 at Libor plus 143 bps

By Cristal Cody

Eureka Springs, Ark., Aug. 22 – Citigroup, Inc. sold $2 billion of previously reported seven-year global floating-rate senior notes at 99.684 with a coupon of Libor plus 143 basis points, according to a FWP filing with the Securities and Exchange Commission.

The notes due Sept. 1, 2023 (Baa1/BBB+/A) priced with a reoffer spread of Libor plus 148 bps.

Citigroup Global Markets Inc. was the bookrunner.

Citigroup is a financial services company based in New York.

Issuer:	Citigroup, Inc.
Amount:	$2 billion
Description:	Global floating-rate senior notes
Maturity:	Sept. 1, 2023
Bookrunner:	Citigroup Global Markets Inc.
Senior co-managers:	Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Nomura Securities International, Inc. and RBC Capital Markets, LLC
Junior co-managers:	BMO Capital Markets Corp., Capital One Securities, Inc., CastleOak Securities, LLC, CIBC World Markets Corp., Drexel Hamilton, LLC, Fifth Third Securities, Inc., Great Pacific Securities, MFR Securities, Inc., Penserra Securities LLC, Regions Securities LLC, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Williams Capital Group, LP
Coupon:	Libor plus 143 bps
Price:	99.684
Reoffer spread:	Libor plus 148 bps
Call feature:	Sept. 1, 2022 at par
Trade date:	Aug. 19
Settlement date:	Aug. 26
Ratings:	Moody’s: Baa1
	Standard & Poor’s: BBB+
	Fitch: A
Distribution:	SEC registered

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