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Citigroup Announces $3.5 Billion Redemption of 3.106% Fixed Rate/Floating Rate Notes Due 2026

1. Citigroup plans to redeem $3.5 billion of fixed/floating rate notes. 2. Redemption set for April 8, 2025, affecting future cash flow.

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Why Bullish?

The redemption could indicate improved liquidity and confidence by Citigroup, reflected in historical practices where bond redemption often enhances creditworthiness and market perception.

How important is it?

The decision to redeem significant notes indicates management’s confidence and may positively influence investor sentiment, thus affecting stock price.

Why Long Term?

Long-term impacts arise as this redemption aligns with Citigroup's strategy to manage debt effectively, similar to past proactive financial maneuvers.

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JPMBACWFC
NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $3,500,000,000 of its 3.106% Fixed Rate / Floating Rate Notes due 2026 (the “notes”) (ISIN: US172967MQ12). The redemption date for the notes is April 8, 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.

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