Citicorp this week is expected to start marketing an issue of adjustable-rate preferred stock totaling at least $150 million.

The issue, which capital market sources say is likely to be increased to more than $200 million, follows on the heels of a $227.5 million ARP offering by Chase Manhattan last week.- A Citicorp official declined to comment.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.