Citigroup to sell Y186.5 bln in retail Samurai bonds

Wed Jun 11, 2008 11:56pm EDT
 
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TOKYO, June 12 (Reuters) - Citigroup (C.N) is raising 186.5 billion yen ($1.7 billion) in its first yen bond sale to Japanese households in eight years, documents filed with Japanese financial authorities showed on Thursday.

Citigroup's three-year Samurai bond will come with a 2.66 percent coupon. The bond will be sold to individual investors from June 13-30.

It is the largest Samurai bond sale so far this year.

Samurai bonds are yen bonds issued in Japan by non-Japanese entities. (Reporting by Rika Otsuka)

 

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