{"id":429511,"date":"2021-02-04T16:24:43","date_gmt":"2021-02-04T21:24:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=429511"},"modified":"2021-02-04T16:24:43","modified_gmt":"2021-02-04T21:24:43","slug":"citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/","title":{"rendered":"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCitibank, N.A. is announcing the redemption, in whole, constituting $1,250,000,000 in aggregate principal amount, of its 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 (the \u201cFXD \/ FRN notes\u201d) (ISIN: US17325FAV04), and the redemption, in whole, constituting $500,000,000 in aggregate principal amount, of its Floating Rate Notes due February 2022 (the \u201cFRN notes\u201d, and together with the FXD \/ FRN notes, the \u201cnotes\u201d) (ISIN: US17325FAU21).\n<\/p>\n<p>\nThe redemption date for the notes is February 19, 2021. The cash redemption price payable for the notes on February 19, 2021 will equal par plus accrued and unpaid interest. The redemption announced today is consistent with Citibank&#8217;s liability management strategy, and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citibank 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 Citibank&#8217;s net interest margin and borrowing costs, the overall remaining tenor of Citibank&#8217;s debt portfolio, capital impact, as well as overall market conditions.\n<\/p>\n<p>\nBeginning on the redemption date, the notes will no longer be outstanding and interest will no longer accrue on such securities.\n<\/p>\n<p>\nCitibank, N.A. is the paying agent for the notes.\n<\/p>\n<p>\nCitigroup, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210204005945r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210204005945\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210204005945\/en\/<\/a><\/span><\/p>\n<p>\nMedia Contact: Brendan McManus (212) 793-7064<br \/>\n<br \/>Investors: Elizabeth Lynn (212) 559-2718<br \/>\n<br \/>Fixed Income Investors: Thomas Rogers (212) 559-5091\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210204005945\/en\/311741\/3\/00000CitiLogoBlue210_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022 NEW YORK&#8211;(BUSINESS WIRE)&#8211; Citibank, N.A. is announcing the redemption, in whole, constituting $1,250,000,000 in aggregate principal amount, of its 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 (the \u201cFXD \/ FRN notes\u201d) (ISIN: US17325FAV04), and the redemption, in whole, constituting $500,000,000 in aggregate principal amount, of its Floating Rate Notes due February 2022 (the \u201cFRN notes\u201d, and together with the FXD \/ FRN notes, the \u201cnotes\u201d) (ISIN: US17325FAU21). The redemption date for the notes is February 19, 2021. The cash redemption price payable for the notes on February 19, 2021 will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-429511","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022 NEW YORK&#8211;(BUSINESS WIRE)&#8211; Citibank, N.A. is announcing the redemption, in whole, constituting $1,250,000,000 in aggregate principal amount, of its 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 (the \u201cFXD \/ FRN notes\u201d) (ISIN: US17325FAV04), and the redemption, in whole, constituting $500,000,000 in aggregate principal amount, of its Floating Rate Notes due February 2022 (the \u201cFRN notes\u201d, and together with the FXD \/ FRN notes, the \u201cnotes\u201d) (ISIN: US17325FAU21). The redemption date for the notes is February 19, 2021. The cash redemption price payable for the notes on February 19, 2021 will &hellip; Continue reading &quot;Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T21:24:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210204005945r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \\\/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022\",\"datePublished\":\"2021-02-04T21:24:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\\\/\"},\"wordCount\":335,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210204005945r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\\\/\",\"name\":\"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \\\/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022 - 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The redemption date for the notes is February 19, 2021. The cash redemption price payable for the notes on February 19, 2021 will &hellip; Continue reading \"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-04T21:24:43+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210204005945r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022","datePublished":"2021-02-04T21:24:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/"},"wordCount":335,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210204005945r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/citibank-announces-1-25-billion-redemption-of-3-165-fixed-rate-floating-rate-notes-due-february-2022-and-500-million-redemption-of-floating-rate-notes-due-february-2022\/","name":"Citibank Announces $1.25 Billion Redemption of 3.165% Fixed Rate \/ Floating Rate Notes due February 2022 and $500 Million Redemption of Floating Rate Notes due February 2022 - 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