Tuesday, August 27, 2013

Latest Accrual Notes or Index Bonds Offering

Now offering a Series of Range Accrual Notes by Citigroup Funding. This is a secondary Offering. Citigroup Funding Inc.- CFI, is a first-tier subsidiary of Citigroup, which issues commercial paper, medium-term notes and structured equity-linked and credit-linked notes, all of which are guaranteed by Citigroup.

Citigroup Funding, Inc., is a private company that was merged into Citigroup in December 12, 2012.  The notes coupon ranges from 6.00% to 9.00%  in 5, 10, 15 and 20 year maturities. This is a good offering for those seeking income or higher fixed income returns and willing to take a little more risk.

                                                  Citigroup Boosts Profits Video: 7/15/2013

 
Source: Money Beat, WSJ

Do you know what a Range Accrual Note or Fairway Bond is? Read our previous post for a description of Accrual or Fairway bonds.

If you are in a high tax bracket or you are thinking on purchasing bonds for the first time, then you may want to update yourself on basic taxation rules as a bond investor.

For access to daily bond offerings, stocks, exchange-traded funds, variable annuities
finance, investment and tax advice, check our financial blogs for daily updates or call us to speak with a consultant.


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