By Cristal Cody
Eureka Springs, Ark., Dec. 1 – Citigroup, Inc. priced $3 billion of five-year fixed- and floating-rate notes (Baa1/BBB+/A) on Thursday, a market source said.
The company sold $750 million of floating-rate notes due Dec. 7, 2021 at par to yield Libor plus 107 basis points.
Citigroup priced $2.25 billion of 2.9% five-year notes at 99.829 to yield 2.937%, or 105 bps over Treasuries.
Citigroup Global Markets Inc. was the bookrunner.
Citigroup is a financial services company based in New York.
| Issuer: | Citigroup, Inc.
|
| Amount: | $3 billion
|
| Description: | Notes
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Trade date: | Dec. 1
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A
|
|
|
| Five-year floaters
|
| Amount: | $750 million
|
| Maturity: | Dec. 7, 2021
|
| Coupon: | Libor plus 107 bps
|
| Price: | Par
|
| Yield: | Libor plus 107 bps
|
|
|
| Five-year notes
|
| Amount: | $2.25 billion
|
| Maturity: | Dec. 7, 2021
|
| Coupon: | 2.9%
|
| Price: | 99.829
|
| Yield: | 2.937%
|
| Spread: | 105 bps over Treasuries
|
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