Citi's second domestic three-year brings in A$1.25 billion

The August 13 pricing of Citi Australia (Citi)'s (A+/A2) new 2012 guaranteed deal saw the bank raise A$1.25 billion (US$1.04 billion) at the tightest margin yet seen on a guaranteed deal from a non-big four issuer. The self-led deal was also Citi's second Australia guaranteed 2012 transaction this year following its A$1.3 billion issue from June 11.