Citibank of New York — NA announces a redemption of $ 1,300,000,000 in total principal of 2.850% Bonds (“FXD Bonds”) (ISIN: US17325FAL22) due in February 2021 and constitutes the entire redemption. Total principal of $ 1,250,000,000 (ISIN: US17325FAM05) of floating rate bonds (“bonds” together with “FRN bonds” and FXD bonds) due in February 2021.
The redemption date for the note is January 12, 2021. The cash redemption price paid to the Note on January 12, 2021 will be equal to the par value plus accrued and accrued interest. The redemptions announced today are in line with Citibank’s debt management strategy and reflect ongoing efforts to increase the efficiency of financing and capital structure. Citibank includes, but is not limited to, economic value, regulatory changes, potential impact on Citibank’s net margin and borrowing costs, the entire remaining period of Citibank’s debt portfolio, and its impact on capital. We will continue to consider opportunities to redeem or repurchase securities based on these factors. , And overall market conditions.
After the redemption date, no bonds will be issued and no interest will accrue on such securities.
Citibank has announced a $ 1.3 billion redemption of 2.850% bonds due in February 2021 and a $ 1.25 billion redemption of floating rate bonds due in February 2021.
https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/citibank-announces-1-3-billion-redemption-of-2-850-notes-due-february-2021-and-1-25-billion-redemption-of-floating-rate-notes-due-february-2021 Citibank has announced a $ 1.3 billion redemption of 2.850% bonds due in February 2021 and a $ 1.25 billion redemption of floating rate bonds due in February 2021.