Citigroup raised $5.5bn via a three-part offering. It raised:
The bonds have expected ratings of A3/BBB+ and proceeds will be used for general corporate purposes. Citi’s issuance follows that of its peers BofA, JPMorgan, Goldman Sachs and Morgan Stanley that have raised a combined $43bn via dollar bonds in the last month.
Citi’s bonds were marginally higher with its 6.25% Perp up 0.3 to 117.2, yielding 2.73%.