Citigroup Announces €1.0 Billion Redemption of 0.500% Fixed Rate Notes due 2022
14 Dezembro 2021 - 10:15AM
Business Wire
Citigroup Inc. is announcing the redemption, in whole,
constituting €1,000,000,000 of its 0.500% Fixed Rate Notes due 2022
(the “notes”) (ISIN: XS1939355753).
The redemption date for the notes is December 29, 2021 (the
“redemption date”). The cash redemption price payable for the notes
on the redemption date will equal par plus accrued and unpaid
interest.
The redemption announced today is consistent with Citigroup's
liability management strategy and reflects its ongoing efforts to
enhance the efficiency of its funding and capital structure.
Citigroup will continue to consider opportunities to redeem or
repurchase securities, based on several factors, including without
limitation, the economic value, regulatory changes, potential
impact on Citigroup's net interest margin and borrowing costs, the
overall remaining tenor of Citigroup's debt portfolio, capital
impact, as well as overall market conditions.
Beginning on the redemption date, the notes will no longer be
outstanding and interest will no longer accrue on such
securities.
Citibank, N.A. and Banque Internationale à Luxembourg, société
anonyme are the paying agents for the notes. For further
information on the notes, please see the related final terms at the
following web address:
https://www.citigroup.com/citi/fixedincome/data/docs/200129a.pdf
Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: https://www.businesswire.com/news/home/20211214005232/en/
Media: Danielle Romero-Apsilos (212) 816-2264 Investors:
Jennifer Landis (212) 559-2718 Fixed Income Investors: Thomas
Rogers (212) 559-5091
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