Citi pays up but rakes in $3bn as it reopens US bank bond market
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Corporate Bonds

Citi pays up but rakes in $3bn as it reopens US bank bond market

Citigroup this week launched the first benchmark offering from a bank or a brokerage for three months, a $3bn five year bond that it priced at what is thought to have been an all-time wide for the name of 337.5bp over Treasuries.

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