2023-05-17 16:32:49 ET
- Citigroup ( NYSE: C ) said Wednesday it will redeem $1.25B of its 4.044% fixed rate/floating rate notes due 2024 and $1B of its floating rate notes due 2024 on June 1.
- The cash redemption price will equal par plus accrued and unpaid interest, to but excluding, the redemption date.
- Starting June 1, interest will no longer accrue on the notes.
- The redemptions are consistent with Citigroup's ( C ) liability management strategy. Earlier this week, the firm redeemed $1.5B of its 1.678% fixed rate/floating rate notes.
For further details see:
Citigroup to redeem $1.25B of 4.044% fixed rate/floating rate notes