Citigroup Inc. plans to sell an additional $4 billion of bonds backed by credit cards and eligible for the Federal Reserve Board's Term Asset-Backed Securities Loan Facility, according to a person familiar with the offering.
The top-rated securities may price to yield 210 basis points more than the one-month London interbank offered rate, the person said.
In March the Fed extended $2.8 billion of loans to fund the purchase of securities in a $3 billion offering by Citi in the first round of financing under Talf.
