Citigroup talks benchmark five-year fixed-, floating-rate notes; pricing Monday

By Aleesia Forni

Virginia Beach, Oct. 19 – Citigroup Inc. set price talk on Monday for a benchmark offering of five-year fixed- and floating-rate notes (Baa1/A-/A), according to a market source.

The fixed-rate tranche is talked in the Treasuries plus 145 basis points area, and the floaters are talked at the Libor equivalent to the fixed-rate notes.

Citigroup Global Markets Inc. is the bookrunner.

The financial services company is based in New York.

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