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Citigroup Inc. announces the redemption of C$56.782 million of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027, reflecting its strategy to enhance funding and capital structure. The redemption date is May 24, 2024, with interest no longer accruing post-redemption. Citigroup will continue to evaluate opportunities to redeem or repurchase securities based on various factors.
Citigroup Inc. annuncia il rimborso di 56,782 milioni di dollari canadesi delle proprie obbligazioni subordinate a tasso fisso/variabile del 5,160% con scadenza nel 2027, rispecchiando la sua strategia per migliorare i finanziamenti e la struttura del capitale. La data di rimborso è fissata per il 24 maggio 2024, con interessi che cesseranno di maturare dopo il rimborso. Citigroup continuerà a valutare le opportunità per rimborsare o riacquistare titoli basandosi su vari fattori.
Citigroup Inc. anuncia la redención de 56.782 millones de dólares canadienses de sus Notas Subordinadas con una Tasa Fija/Flotante del 5.160% con vencimiento en 2027, reflejando su estrategia para mejorar la financiación y la estructura de capital. La fecha de redención es el 24 de mayo de 2024, y los intereses dejarán de acumularse después de la redención. Citigroup continuará evaluando oportunidades para redimir o recomprar valores basándose en diversos factores.
시티그룹 인크가 2027년 만기 5.160% 고정/변동 금리 부채 증권 C$56.782백만을 상환한다고 발표했습니다. 이는 자금 조달 및 자본 구조를 개선하는 전략을 반영한 것입니다. 상환 날짜는 2024년 5월 24일이며, 상환 이후에는 이자가 더 이상 발생하지 않습니다. 시티그룹은 다양한 요인을 기반으로 증권을 상환하거나 매입할 기회를 계속 평가할 것입니다.
Citigroup Inc. annonce le remboursement de 56,782 millions de dollars canadiens de ses obligations subordonnées à taux fixe/flottant de 5,160% échéant en 2027, reflétant sa stratégie d'amélioration du financement et de la structure du capital. La date de remboursement est fixée au 24 mai 2024, les intérêts cessant d'accrue après le remboursement. Citigroup continuera d'évaluer les opportunités de remboursement ou de rachat de titres basées sur divers facteurs.
Citigroup Inc. kündigt die Einlösung von 56,782 Millionen Kanadischen Dollar seiner untergeordneten Anleihen mit einem festen/variablen Zinssatz von 5,160% und Fälligkeit 2027 an, was seine Strategie zur Verbesserung der Finanzierung und Kapitalstruktur widerspiegelt. Das Einlösungsdatum ist der 24. Mai 2024, wobei die Zinsen nach der Einlösung nicht mehr anfallen. Citigroup wird weiterhin Möglichkeiten zur Einlösung oder zum Rückkauf von Wertpapieren basierend auf verschiedenen Faktoren bewerten.
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NEW YORK--(BUSINESS WIRE)--
Citigroup Inc. is announcing the redemption, in whole, constituting C$56,782,000 of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 (the “notes”) (ISIN: CA172967EB37).
The redemption date for the notes is May 24, 2024 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date.
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, interest will no longer accrue on the notes.
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
What is the total amount of Citigroup's Fixed Rate / Floating Rate Subordinated Notes due 2027 being redeemed?
Citigroup Inc. is redeeming C$56.782 million of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027.
When is the redemption date for the notes?
The redemption date for the notes is May 24, 2024.
Who is the paying agent for the notes?
Citibank, N.A. is the paying agent for the notes.
Will interest continue to accrue on the notes post-redemption?
Beginning on the redemption date, interest will no longer accrue on the notes.
Where can I find more information about the notes being redeemed?
For further information on the notes, please see the related prospectus supplement at the following web address: https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/5_160_05_24_27.pdf
