From Financial Post · Business Wire · · 40s
Citibank Redeems $2 Billion in 2026 Notes
Citibank redeems $2 billion of fixed rate notes and $500 million of floating rate notes due 2026.
In brief
Citibank redeems $2 billion of fixed rate notes and $500 million of floating rate notes due 2026. Citibank redeems $2 billion of 5.488% notes due 2026 and $500 million of floating rate notes due 2026 as part of its liability management strategy. Originally reported by Financial Post.
Citibank Announces Redemption
Citibank, N.A. is redeeming $2 billion of 5.488% notes due 2026 and $500 million of floating rate notes due 2026.
Redemption Date and Price
The redemption date is November 4, 2026, with cash redemption price equal to par plus accrued and unpaid interest.
Liability Management Strategy
The redemptions align with Citibank’s strategy to enhance funding and capital efficiency through debt management.
Here's the gist
Citibank redeems $2 billion of 5.488% notes due 2026 and $500 million of floating rate notes due 2026 as part of its liability management strategy.
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