Citigroup Funding Inc. announced a revised size for its recent offering of floating-rate notes. The deal is actually $2.25 billion in size. A corrected story follows.
New Issue: Citigroup prices $2.25 billion two-year floaters to yield Libor plus 105 bps
By Andrea Heisinger
Omaha, May 8 - Citigroup Funding Inc. priced $2.25 billion two-year floating-rate medium-term notes at par on Wednesday to yield three-month Libor plus 105 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
The non-callable notes will pay interest quarterly.
Citigroup Global Markets Inc. was the agent.
The funding branch of the financial services company is based in New York City.
| Issuer: | Citigroup Funding Inc.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $2.25 billion
|
| Maturity: | May 7, 2010
|
| Agent: | Citigroup Global Markets Inc.
|
| Coupon: | Three-month Libor plus 105 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 105 bps
|
| Call: | Non-callable
|
| Trade date: | May 7
|
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