HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Citigroup to redeem $3.15 billion in notes due 2027

Created at 4 Jun · 8:32 PM1 source
IN SHORT

Citigroup announced plans to redeem $2.75 billion of its 1.462% Fixed Rate / Floating Rate Notes due 2027 and $400 million of its Floating Rate Notes due 2027. The total redemption amount is $3.15 billion.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$3.15 billiontotal notes redemption amount
$2.75 billionFixed Rate / Floating Rate Notes due 2027 redemption
$400 millionFloating Rate Notes due 2027 redemption
1.462%fixed rate on some notes

Who's Involved

Citigroup
financial institution announcing note redemptions

↳ Why This Matters

Citigroup's decision to redeem these notes could indicate a shift in its capital structure or a move to reduce interest expenses if current borrowing costs are lower than the coupon rates on these notes.

Key facts

  • Citigroup will redeem $2.75 billion of its 1.462% Fixed Rate / Floating Rate Notes due 2027.
  • Citigroup will redeem $400 million of its Floating Rate Notes due 2027.
  • The total redemption amount is $3.15 billion.

Citigroup has announced its intention to redeem a significant portion of its outstanding debt. The financial institution plans to redeem $2.75 billion of its 1.462% Fixed Rate / Floating Rate Notes that are due in 2027. Additionally, Citigroup will redeem $400 million of its Floating Rate Notes, also due in 2027. In total, the company is set to redeem $3.15 billion worth of these notes.

Frequently asked questions

Citigroup is redeeming $2.75 billion of its 1.462% Fixed Rate / Floating Rate Notes due 2027 and $400 million of its Floating Rate Notes due 2027.

The total value of the notes being redeemed by Citigroup is $3.15 billion.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence
CME Headlines
  • New Product Summary: Initial Listing of Fifty-Five (55) Single Stock Futures Contracts — Effective July 27, 2026
    27 Jul · 4:32 PM
  • New Product Summary: Initial Listing of Twenty-Two (22) Micro Single Stock Futures Contracts - Effective July 27, 2026
    27 Jul · 4:11 PM
  • Initial Listing of Additional Event Contract Swaps on Pro Golf Tournaments
    9 Jul · 9:41 AM

How It Developed

4 Jun · 8:24 PM
Citigroup will redeem $2.75 billion of 1.462% Fixed Rate/Floating Rate Notes and $400 million of Floating Rate Notes, both due 2027.
Financial Post via PiQSuite

Sources

T1
Citigroup Announces $2.75 Billion Redemption of 1.462% Fixed Rate / Floating Rate Notes Due 2027 and $400 Million Redemption of Floating Rate Notes Due 2027m.piqsuite.com

Related Stories

SK Hynix $28B ADR bookbuild closes Wednesday amid strong demand
8 Jul · 7:57 AM
JPMorgan Hires Michael Flynn to Lead New Small-Cap Banking Business
8 Jul · 3:03 PM
Morgan Stanley manager flags AI debt concerns for Big Tech
8 Jul · 7:15 PM
SK Group chief to attend SK hynix ADR listing debut on Nasdaq
8 Jul · 11:55 PM
Michael Burry Buys Flutter, DraftKings Shares on Prediction Market Threat
8 Jul · 9:51 PM