UPDATE 2-Citigroup prices A$1.55 bln 5-yr and 10-yr bonds
(Adds more pricing details in table format)
SYDNEY, Feb 2 (Reuters) - Citigroup Inc. (C.N) has priced its largest Kangaroo issue to date with a A$1.55 billion ($1.2 billion) senior bond issue, the U.S. bank, which is also the sole book runner for the deal, said on Friday.
The deal details are as follows:
1) 5-year fixed rate
Issuer: Citigroup Inc.
Facility: Domestic fixed rate Kangaroo notes
Amount: A$350 million
Maturity: Feb. 13, 2012
Set date: Feb. 13
Coupon: 6.500%
Yield: 6.655%
Spread: +18 bps over swap or +61 bps over AGCB 5.75% June 2011
Issue price: 99.350
Lead: Citigroup
Senior
co-managers: ANZ Investment Bank, nabCapital, RBC
Capital Markets, and Westpac Institutional
Bank
Co-managers: Commonwealth Bank of Australia, Deutsche
Bank, TD Securities and UBS
Issuer rating: AA- by S&P, Aa1 by Moody's and AA+
by Fitch
2) 5-year FRN
Issuer: Citigroup Inc.
Facility: Domestic floating rate Kangaroo notes
Amount: A$800 million
Maturity: Feb. 13, 2012
Set date: Feb. 13
Coupon: +18 bps over 90-day BBSW
Yield: +18 bps over 90-day BBSW
Spread: +18 bps over 90-day BBSW
Issue price: 100
Lead: Citigroup
Senior
co-managers: ANZ Investment Bank, Deutsche Bank,
nabCapital, RBC Capital Markets
Co-managers: Commonwealth Bank of Australia, TD
Securities, UBS and Westpac Institutional
Bank
Issuer rating: AA- by S&P, Aa1 by Moody's and AA+
by Fitch
3) 10-year fixed rate
Issuer: Citigroup Inc.
Facility: Domestic fixed rate Kangaroo notes
Amount: A$400 million
Maturity: Feb. 13 2017
Set date: Feb. 13
Coupon: 6.500%
Yield: 6.640%
Spread: +25 bps over swap or +72.25 bps over ACGB
6.0% Feb. 2017
Issue price: 98.989
Lead: Citigroup
Senior
co-managers: ANZ Investment Bank,
nabCapital, TD Securities, UBS and Westpac
Institutional Bank
Co-managers: Commonwealth Bank of Australia, Deutsche
Bank, RBC Capital Markets and UBS
Issuer rating: AA- by S&P, Aa1 by Moody's and AA+
by Fitch ($1=A$1.29)
