Bloomberg News

Citigroup Sells $1.5 Billion of Bonds With Fixed, Floating Rates

March 22, 2013

Citigroup Inc. (C:US), the third-largest U.S. lender by assets, sold $1.5 billion of three-year bonds in a two-part sale.

The bank raised $850 million of 1.3 percent notes to yield 96 basis points more than similar-maturity Treasuries and $650 million of floating-rate securities that yield 79 basis points more than the three-month London interbank offered rate, according to data compiled by Bloomberg.

The New York-based bank, which has about $25.1 billion (C:US) of debt coming due this year, issued three-year securities in January, offering $1.75 billion of 1.25 percent notes at a relative yield of 95 basis points, Bloomberg data show. Those securities traded yesterday at 100.6 cents on the dollar to yield 1.03 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

To contact the reporter on this story: Matt Robinson in New York at +1-212-617-5409 or mrobinson55@bloomberg.net; Sarika Gangar in New York at +1-212-617-0646 or sgangar@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net


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Companies Mentioned

  • C
    (Citigroup Inc)
    • $51.8 USD
    • 0.39
    • 0.75%
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