Citigroup completes A$1.2 billion guaranteed buyback
- Friday, 05 November 2010
Citigroup (A/A3/A+) re-bought a total of A$1.2 billion (US$1.2 billion) of its Australian government-guaranteed June 2012 bond line at an equivalent margin of 5 basis points over swap on November 5. The buyback – of A$412.7 million of fixed rate paper and A$786.5 million of floating rate notes – accounts for the majority of the line, which was issued in a A$1.3 billion transaction in June 2009 and was not subsequently tapped.
