CITI


Associated tags: Professional Services, Citigroup, Finance, Banking

Locations: INDIA, US, AFRICA, MIDDLE EAST, ONTARIO, LONDON, APAC, UNITED ARAB EMIRATES, UKRAINE, EASTERN, MISSOURI, INVINCIBLE, FORO, NUNAVUT, ZAMBIA, JAKARTA, NAVAN, NIGERIA, KENYA, FRASER, FI, RED SEA, NY, VIRGINIA, UNITED KINGDOM, EUROPE, KAZAKHSTAN, DISTRICT OF COLUMBIA, UNITED STATES, NORTH AMERICA, NEW YORK

Citi Makes Strategic Investment in Cicada to Facilitate Institutional e-Trading of Mexican Government Bonds

Retrieved on: 
Wednesday, May 8, 2024

The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise.

Key Points: 
  • The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise.
  • Cicada has built an innovative all-to-all electronic alternative trading system (ATS) that helps global institutional buy-side and sell-side market participants trade Mexican Government fixed-income securities without the need of a pre-existing trading relationship.
  • Cicada enables the e-trading of 28 Mexican government bonds, including: nominal fixed-rate notes (Mbonos) and inflation-linked securities (UDIBonos) that can settle in Indeval, Euroclear or Clearstream.
  • The company is also looking to enable the trading of Cetes (Mexican T-bills), TIIE (Mexican interest rate swaps), Mexican corporate bonds and other emerging markets government securities.

Citigroup Announces $2.0 Billion Redemption of 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025

Retrieved on: 
Friday, April 26, 2024

Citigroup Inc. is announcing the redemption, in whole, constituting $2,000,000,000 of its 0.981% Fixed Rate / Floating Rate Notes due 2025 (the “fixed rate / floating rate notes”) (ISIN: US172967MX62), and the redemption, in whole, constituting $500,000,000 of its Floating Rate Notes due 2025 (the “floating rate notes” and, together with the fixed rate / floating rate notes, the “notes”) (ISIN: US172967MW89).

Key Points: 
  • Citigroup Inc. is announcing the redemption, in whole, constituting $2,000,000,000 of its 0.981% Fixed Rate / Floating Rate Notes due 2025 (the “fixed rate / floating rate notes”) (ISIN: US172967MX62), and the redemption, in whole, constituting $500,000,000 of its Floating Rate Notes due 2025 (the “floating rate notes” and, together with the fixed rate / floating rate notes, the “notes”) (ISIN: US172967MW89).
  • The redemption date for the notes is May 1, 2024 (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.
  • For further information on the fixed rate / floating rate notes, please see the related prospectus supplement at the following web address: https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/050125a.pdf
    For further information on the floating rate notes, please see the related prospectus supplement at the following web address: https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/frn_050125...

Citigroup Announces C$56.782 Million Redemption of 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027

Retrieved on: 
Wednesday, April 24, 2024

Citigroup Inc. is announcing the redemption, in whole, constituting C$56,782,000 of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 (the “notes”) (ISIN: CA172967EB37).

Key Points: 
  • Citigroup Inc. is announcing the redemption, in whole, constituting C$56,782,000 of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 (the “notes”) (ISIN: CA172967EB37).
  • The redemption date for the notes is May 24, 2024 (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.
  • Beginning on the redemption date, interest will no longer accrue on the notes.

CitiGroup Announces Full Redemption of Series D Preferred Stock

Retrieved on: 
Monday, April 15, 2024

Citigroup Inc. is redeeming, in whole, all $1.25 billion aggregate liquidation preference of Series D Depositary Shares representing interests in its 5.350% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series D (the “Preferred Stock”).

Key Points: 
  • Citigroup Inc. is redeeming, in whole, all $1.25 billion aggregate liquidation preference of Series D Depositary Shares representing interests in its 5.350% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series D (the “Preferred Stock”).
  • The redemption date is May 15, 2024 for the Preferred Stock and related Depositary Shares (the “Redemption Date”).
  • The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000.
  • For further information on the Preferred Stock and the related Depositary Shares, please see the prospectus at the following web address: https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/ps_0430201...

Citigroup Reports First Quarter 2024 Results

Retrieved on: 
Friday, April 12, 2024

Today Citi reported first quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors .

Key Points: 
  • Today Citi reported first quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors .
  • A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available.
  • Citi will host a conference call today at 11 a.m. (ET) to review these results.
  • A replay and transcript of the webcast will be available shortly after the event.

Citigroup Announces $2.75 Billion Redemption of 3.352% Fixed Rate / Floating Rate Notes due 2025

Retrieved on: 
Tuesday, April 9, 2024

Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 3.352% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967MF56).

Key Points: 
  • Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 3.352% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967MF56).
  • The redemption date for the notes is April 24, 2024 (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.
  • Beginning on the redemption date, interest will no longer accrue on the notes.

Citigroup Global Markets Holdings Inc. – Issue of EUR 375,000,000 Cash Settled Exchangeable Bonds due April 2029 Referable to the Shares of LVMH Moet Hennessy Louis Vuitton

Retrieved on: 
Wednesday, March 27, 2024

Citigroup Global Markets Holdings Inc. (the “Issuer”) announces the offering of guaranteed cash-settled exchangeable bonds due April 2029 (the “Bonds”) in an aggregate principal amount of minimum EUR 375,000,000 and maximum EUR 400,00,000.

Key Points: 
  • Citigroup Global Markets Holdings Inc. (the “Issuer”) announces the offering of guaranteed cash-settled exchangeable bonds due April 2029 (the “Bonds”) in an aggregate principal amount of minimum EUR 375,000,000 and maximum EUR 400,00,000.
  • The Bonds are referable to ordinary shares (the “Shares”) of LVMH Moet Hennessy Louis Vuitton (the “Company”).
  • Citigroup Global Markets Limited, Citigroup Global Markets Europe AG and Citigroup Global Markets Inc. are acting as Joint Global Coordinators and Joint Bookrunners.
  • Such activities may impact the price or value of the Shares and/or the Bonds, and may affect a Bondholder’s return on the Bonds.

StarTree Secures Strategic Investment from Citi to Extend Leadership in Real-Time Data Analytics

Retrieved on: 
Thursday, March 7, 2024

MOUNTAIN VIEW, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- StarTree , a cloud-based real-time analytics services company, today announced a strategic investment from Citi.

Key Points: 
  • MOUNTAIN VIEW, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- StarTree , a cloud-based real-time analytics services company, today announced a strategic investment from Citi.
  • It allows businesses and their customers to make critical decisions based on the freshest data, at scale, integrating both real-time data streams with historical insights.
  • Citi made the investment through its Markets Strategic Investments unit and plans to roll out the solutions to more businesses across the bank.
  • “User-facing analytics have seen profound growth in recent years across all industries, accelerating the need for enterprise-ready, real-time data solutions.

Citigroup Announces Full Redemption of Series J Preferred Stock

Retrieved on: 
Wednesday, February 28, 2024

Citigroup Inc. is redeeming, in whole, the remaining 22,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”) and the corresponding Series J Depositary Shares representing interests in the Preferred Stock, equivalent to $550 million aggregate liquidation preference.

Key Points: 
  • Citigroup Inc. is redeeming, in whole, the remaining 22,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”) and the corresponding Series J Depositary Shares representing interests in the Preferred Stock, equivalent to $550 million aggregate liquidation preference.
  • 16,000 shares of the Preferred Stock and the related Depositary Shares, equivalent to $400 million aggregate liquidation preference, were previously redeemed on December 29, 2023.
  • The redemption date for the Preferred Stock and related Depositary Shares is March 29, 2024 (the “Redemption Date”).
  • For further information on the Preferred Stock and the related Depositary Shares, please see the prospectus at the following web address: https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/ps_7125ser...

Citi Appointed as Depositary Bank for Air Astana Group GDR Program

Retrieved on: 
Monday, February 19, 2024

Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Air Astana Group (“Air Astana”), the flag carrier airline of Kazakhstan, to act as depositary bank for its Global Depositary Receipt (“GDR”) program.

Key Points: 
  • Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Air Astana Group (“Air Astana”), the flag carrier airline of Kazakhstan, to act as depositary bank for its Global Depositary Receipt (“GDR”) program.
  • Air Astana’s Regulation S GDRs trade on the London Stock Exchange (“LSE”) under the symbol “AIRA” and on the Astana International Exchange (“AIX”) under the symbol “AIRA.Y” and Rule 144A GDRs under the symbol “AIRA”.
  • “We are delighted to be appointed by Air Astana as depositary bank for its GDR program,” said Dirk Jones, Global Head of Citi’s Issuer Services.
  • With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.