By Cristal Cody
Tupelo, Miss., July 16 – Citigroup Inc. (Baa1/BBB+/A) priced $2.5 billion of 4.65% 30-year notes at a spread of Treasuries plus 170 basis points on Monday, according to a market source.
The notes priced on the tight side of initial guidance in the Treasuries plus 185 bps area.
Citigroup Global Markets Inc. was the bookrunner.
Citigroup is a financial services company based in New York.
| Issuer: | Citigroup Inc.
|
| Amount: | $2.5 billion
|
| Maturity: | July 23, 2048
|
| Description: | Notes
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 4.65%
|
| Spread: | Treasuries plus 170 bps
|
| Trade date: | July 16
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A
|
| Price guidance: | Treasuries plus 185 bps area
|
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