Published: Tuesday, 9 Mar 2010 | 6:08 PM ET Text Size By: Bob Pisani CNBC Reporter
Traders telling me that Citigroup will be pricing its preferred offering, $25 par, at a yield of 8.875 percent.
Size is roughly $2 billion; one trader said it was “multiple times oversubscribed.”
A Citigroup [C 3.82 0.26 (+7.3%) ] spokesperson would not confirm the terms or that it would price tonight. But traders feel it will likely do so, or tomorrow morning at the latest.
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