Citi in $1.0 Billion Debt Offering

January 15, 2004

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets, in a recent debt offering by Citigroup. Citigroup issued $1 billion of 4.500% fixed rate notes due 2022. The notes were offered for sale in the United States, Europe, Asia and elsewhere. The large note offering was well-received despite sluggish capital market conditions. The deal closed on November 1.

Citigroup, a global financial services company with approximately 200 million customer accounts in more than 100 countries, provides financial products and services, including banking, investment banking, insurance, securities brokerage and asset management.