Citigroup (Citi) (A/A3/A+) has completed its buyback of both the fixed and floating rate note (FRN) tranches of its government-guaranteed August 2012 maturity. It bought back A$262.4 million (US$277.4 million) of the A$450 million fixed rate piece at a price of 100.582 per cent plus 1.584 accrued, and A$798.7 million of the A$800 million FRN at a price of 100.535 per cent plus 0.491 accrued.
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