By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., April 24 – Citibank, NA priced a $5 billion three-part bank note offering on Tuesday, according to information from a market source.
The bank priced $1 billion of floating-rate notes due 2026 with a coupon of SOFR plus 59 basis points. Price talk was SOFR plus equivalent.
A $2 billion tranche of 5.438% notes due 2026 priced with a spread of 52 bps over Treasuries after price talk in the Treasuries plus 70 bps area.
Finally, the bank sold $2 billion of 5.57% notes due 2034 at 97 bps above Treasuries after price talk in the Treasuries plus 130 bps area.
Citigroup Global Markets Inc. is the bookrunner.
The bank is based in New York.
| Issuer: | Citibank, NA
|
| Amount: | $5 billion
|
| Issue: | Bank notes
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Pricing date: | April 23
|
|
|
| 2026 floaters
|
| Amount: | $1 billion
|
| Maturity: | April 30, 2026
|
| Coupon: | SOFR plus 59 bps
|
| Price talk: | SOFR plus equivalent
|
|
|
| 2026 notes
|
| Amount: | $2 billion
|
| Maturity: | April 30, 2026
|
| Coupon: | 5.438%
|
| Spread: | Treasuries plus 52 bps
|
| Price talk: | Treasuries plus 70 bps area
|
|
|
| 2034 notes
|
| Amount: | $2 billion
|
| Maturity: | April 30, 2034
|
| Coupon: | 5.57%
|
| Spread: | Treasuries plus 97 bps
|
| Price talk: | Treasuries plus 130 bps area
|
|
|
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