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Citigroup plans Brazilian real-denominated notes with 7.1%-7.3% coupon
By Angela McDaniels
Tacoma, Wash., Aug. 20 - Citigroup Funding Inc. plans to price notes due Sept. 12, 2016 denominated in Brazilian reais, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is expected to be 7.1% to 7.3% and will be set at pricing. Interest will be payable annually.
The issue price will be R$1,000 per note.
The payout at maturity will be par.
The issue price is payable in dollars, and all interest payments and the payment at maturity will be made in dollars converted at the exchange then in effect.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price Sept. 7 and settle Sept. 12.
The Cusip number is 1730T0WP0.
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