Citigroup, Inc. (NYSE:C)
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2 Years : From Dec 2011 to Dec 2013
Citigroup (C) plans to sell a benchmark-sized deal of three-year notes in the U.S. credit markets Wednesday, according to a person familiar with the matter.
Benchmark indicates a minimum of $500 million.
The expected ratings are single-A-3 from Moody's Investors Service, single-A-minus from Standard & Poor's, and single-A from Fitch Ratings.
Net proceeds are for general corporate purposes.
Citigroup is sole bookrunner on the planned sale, which follows a 30-year bond deal Jan. 19, when it priced $1 billion of 5.875% coupon bonds at a yield of 5.98%, for a spread of 2.97 percentage points over Treasurys.
-By Patrick McGee, Dow Jones Newswires; 212-416-2382; email@example.com