By Cristal Cody
Tupelo, Miss., April 16 – Citigroup Inc. sold $2.75 billion of 3.325% six-year senior notes (A3/BBB+/A) at a spread of Treasuries plus 95 basis points on Tuesday, according to a market source.
Initial price talk was in the Treasuries plus 110 bps area.
Citigroup Global Markets Inc. was the bookrunner.
The financial services company is based in New York.
| Issuer: | Citigroup Inc.
|
| Amount: | $2.75 billion
|
| Maturity: | April 24, 2025
|
| Description: | Senior notes
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 3.325%
|
| Spread: | Treasuries plus 95 bps
|
| Trade date: | April 16
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A
|
| Price guidance: | Treasuries plus 110 bps area
|
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