| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citigroup to price fixed-to-floaters due 2028 on 10-year CMS rate
By Sarah Lizee
Olympia, Wash., April 24 – Citigroup Inc. plans to price fixed-to-floating notes due May 1, 2028 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 6.1% for the first two years. After that, interest will be equal to the 10-year CMS rate, subject to a minimum interest rate of 0%. Interest will be payable quarterly.
The payout at maturity will be par.
Citigroup Global Markets Inc. is the agent.
The notes are expected to price on April 27 and settle two business days after.
The Cusip number is 17298CG77.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.