Citigroup sets price guidance on 4-part note sale

  @ibtimes on

NEW YORK - Citigroup on Tuesday set price guidance on its fixed-rate and floating-rate notes backed by the Federal Deposit Insurance Corp, said IFR, a Thomson Reuters service.

No dollar sizes have been decided yet.

Citibank NA plans a two-year floating-rate note issue with an expected coupon rate of about three basis points below the three-month London Interbank Offered Rate, a two-year fixed-rate note expected to yield about three basis below mid-swaps and a three-year floating rate note issue expected to yield about flat over LIBOR.

Citigroup Funding is planning to sell a three-year fixed-rate note expected to yield about flat over mid-swaps.

Citigroup is the sole lead manager on the sale. (Reporting by Caryn Trokie; Editing by James Dalgleish)

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video