Price guidance set for Citigroup bond sale - IFR

NEW YORK, Dec 2 (Reuters) - Price guidance on a bond sale by Citigroup (C.N) was set on Tuesday, a day after the bank said it planned a three-part debt sale that will be guaranteed by the Federal Deposit Insurance Corp, IFR said.

The sale includes two-year, floating rate notes due December 2010, which are expected to yield around 55 basis points over the three month London interbank offered rate, said IFR, a Thomson Reuters publication.

Three-year floating-rate notes due December 2011 are expected to yield around 80 basis points over one-month Libor, and three-year fixed rate notes due December 2011 are expected to price at around 85 basis points over mid-swaps, IFR said.

(Reporting by Karen Brettell; Editing by Dan Grebler)