Citigroup plans non-callable fixed-to-floaters with 2.25% initial rate

By Susanna Moon

Chicago, June 7 - Citigroup Funding Inc. plans to price non-callable fixed-to-floating notes due June 28, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2.25% initially. Beginning June 28, 2014, it will be Libor plus 130 basis points, up to a maximum rate of 5%. Interest is payable quarterly.

The payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 25 and settle three days later.

The Cusip number is 1730T0XQ7.

© 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.