by bondevalue | Apr 28, 2021 | Financial Institutions
Citigroup raised $5.5bn via a three-part offering. It raised: $500mn via a 4NC3 Floating Rate Note (FRN) at SOFR + 66.9bp as compared to initial guidance of SOFR equivalent $2bn via a 4NC3 bond at a yield of 0.981%, 17bp inside initial guidance of T+80bp area $3bn via...
by bondevalue | Apr 16, 2021 | Banks
Citigroup reported Q1 net income of $7.9bn, up 216% and revenues of $19.3bn, down 6.8% vs. Q1 2020. Similar to peers, earnings were aided as it released $3.9bn in loan-loss reserves in the quarter. Unlike its peers, Markets and Securities Services revenues of $6.7bn...
