Citigroup Sells $1.5 Billion of Bonds With Fixed, Floating Rates

Citigroup Inc. (C), the third-largest U.S. lender by assets, sold $1.5 billion of three-year bonds in a two-part sale.

The bank raised $850 million of 1.3 percent notes to yield 96 basis points more than similar-maturity Treasuries and $650 million of floating-rate securities that yield 79 basis points more than the three-month London interbank offered rate, according to data compiled by Bloomberg.

The New York-based bank, which has about $25.1 billion of debt coming due this year, issued three-year securities in January, offering $1.75 billion of 1.25 percent notes at a relative yield of 95 basis points, Bloomberg data show. Those securities traded yesterday at 100.6 cents on the dollar to yield 1.03 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

To contact the reporter on this story: Matt Robinson in New York at +1-212-617-5409 or mrobinson55@bloomberg.net; Sarika Gangar in New York at +1-212-617-0646 or sgangar@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.