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.
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