Citi takes last crack at TLGP with tightest-priced $5bn yet

22 Oct 2009

Citigroup visited the government guaranteed bond market this week for what will be the last time before the expiry of the scheme on October 31, said bankers close to the borrower. It sold $5bn of new debt through Citibank and Citigroup Funding.

"Most issuers have sworn off the programme and there won’t be any more before it comes to an end," said a syndicate banker at Citi yesterday (Thursday).

He added that the demand for these two bonds this week had been particularly strong as buyers saw it as a "last ...

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