Citi in A$1.25 Billion Bank Notes Offering

May 10, 2019

Cleary Gottlieb acted as counsel to the dealers led by Citigroup Global Markets Limited in a global offering of notes denominated in Australian dollars by Citibank N.A. (Citibank).

In its first non-U.S. dollar offering under the exemption from registration found in Section 3(a)(2) of the Securities Act, Citibank offered A$1.25 billion floating-rate notes due 2022. The notes will be issued on May 20, 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.