New Issue: Citigroup prices $300 million add-on sale to its 2.9% notes due 2021

By Devika Patel

Knoxville, Tenn., Dec. 9 – Citigroup, Inc. priced a $300 million add-on to its five-year fixed-rate notes (Baa1/BBB+/A), according to an FWP filed Friday with the Securities and Exchange Commission. The company previously sold $2.25 billion of notes in a deal that priced on Dec. 2.

Citigroup priced $300 million of 2.9% five-year notes at 100.082 to yield 2.882%, or 105 bps over Treasuries. These notes have a make whole call from June 8, 2017 to Nov. 8, 2021 and then a par call.

Citigroup Global Markets Inc. was the bookrunner.

Citigroup is a financial services company based in New York.

Issuer:	Citigroup, Inc.
Amount:	$300 million
Description:	Notes
Maturity:	Dec. 8, 2021
Coupon:	2.9%
Price:	100.082
Yield:	2.882%
Spread:	105 bps over Treasuries
Call feature:	Make whole call from June 8, 2017 to Nov. 8, 2021, then a par call
Bookrunner:	Citigroup Global Markets Inc.
Co-managers:	Academy Securities, Inc., CV Brokerage Inc., Penserra Securities LLC, RedTail Capital Markets, LLC and Tribal Capital Markets, LLC
Trade date:	Dec. 8
Settlement date:	Dec. 15
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: A

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