Citi in $2.25 Billion Bank Notes Offering

January 16, 2019

Cleary Gottlieb represented the dealers led by Citigroup Global Markets Inc. (Citi) in a public notes offering by Citibank N.A. (Citibank).

Citibank offered $2.25 billion 3.65% notes due 2024. The notes were offered under the exemption from registration found in Section 3(a)(2) of the Securities Act and will be issued on January 23, 2019. Cleary also acted as counsel to Citibank in establishing its notes program.

Citibank, a wholly owned subsidiary of Citigroup Inc., is a national banking association with more than 1,350 branches around the world. Citibank’s principal offerings include consumer finance, credit cards, mortgage lending, and retail banking products and services; investment banking, commercial banking, cash management, trade finance, and e-commerce products and services; and private banking products and services.