Citigroup to redeem $3.15 billion in notes due 2027

Created at 4 Jun · 20:32 UTC1 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.

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

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.

↳ 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.

FREQUENTLY ASKED

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.

Citigroup to redeem $3.15 billion in notes due 2027

PiQ Daily

Key facts

Citigroup to redeem $3.15 billion in notes due 2027

PiQ Daily

Key facts

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