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Citigroup Announces €1.75 Billion Redemption of 1.500% Fixed Rate/Floating Rate Notes Due 2026

1. Citigroup is redeeming €1.75 billion of its 1.500% notes due 2026. 2. Redemption aligns with Citigroup's liability management and funding efficiency strategy. 3. Redemption date is set for July 24, 2025; interest ceases thereafter. 4. Citigroup considers market conditions and regulatory changes for future redemptions.

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FAQ

Why Bullish?

The redemption indicates strong management and could support improved capital efficiency, reminiscent of prior successful redemptions enhancing shareholder value.

How important is it?

The strategic financial move enhances Citigroup's operational efficiency and positions the bank favorably against competitors.

Why Long Term?

This move positively affects funding structure over time, potentially improving net interest margin in future periods.

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- NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting €1,750,000,000 of its 1.500% Fixed Rate/Floating Rate Notes due 2026 (the “notes”) (ISIN: XS1859010685). The redemption date for the notes is July 24, 2025 (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. Citibank, N.A. is the paying agent for the notes. For further information on the notes, please see the related final terms at the following web address: https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/200129b.pdf. About Citi 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 more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi More News From Citigroup Inc.

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