03.12.2009 - Citigroup sells debt as part of Abu Dhabi Investment
From Bloomberg: Citigroup Inc. sold $1.875 billion of five-year senior debt as part of terms for a cash injection from Abu Dhabi Investment Authority in 2007, according to data compiled by Bloomberg. The 6.01 percent notes priced to yield 350 basis points more than similar-maturity U.S. Treasuries, Bloomberg data show. A person familiar with the transaction earlier said the debt might pay a spread of about 325 basis points. A basis point is 0.01 percentage point.................................Full Article: Source
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