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Citigroup Announces Approximately €452 Million Redemption Of 4.25% Fixed Rate/Floating Rate Subordinated Notes Due 2030

1. Citigroup announces redemption of €451.9 million subordinated notes due 2030. 2. Redemption reflects Citigroup's strategy to enhance capital structure efficiency. 3. Interest will cease on the notes after the redemption date, affecting cash flow. 4. Future redemption opportunities will consider regulatory and market conditions.

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Why Bullish?

This indicates proactive financial management, potentially reducing liabilities. Past similar strategies have often improved investor confidence.

How important is it?

The redemption highlights Citigroup's strategic financial moves, which can directly impact investor sentiment. Financial efficiency improvements can enhance overall stock performance.

Why Long Term?

The redemption aligns with strategic financial management, which generally leads to longer-term benefits. Previous reductions in debt have positively affected stock performance over time.

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NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting €451,934,000 of its 4.25% Fixed Rate / Floating Rate Subordinated Notes due 2030 (the “notes”) (ISIN: XS0213026197). The redemption date for the notes is February 25, 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/425due022530mtn.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

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