Citigroup sets price guidance on 4-part note sale

By IBTimes Staff Reporter | September 15 2009 1:06 PM

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.

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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)

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