Citi in Five Offerings Totaling $4.6 Billion
August 12, 2015
Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets, in a registered offering of 1,250,000 Depositary Shares, each representing a 1/25th interest in a share of 5.950% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock ($25,000 liquidation preference per share) issued by Citigroup Inc. on August 12, 2015.
Cleary represented the underwriters, led by Citigroup, in a Australian Dollar registered note offering. On August 7, 2015, Citi issued A$600 million Floating Rate Notes due 2019. The securities were offered for sale in the United States, Europe, Asia and elsewhere.
Cleary also represented the underwriters in three simultaneous offerings by Citigroup. On July 31, 2015, Citi issued $1.25 billion of 4.650% Notes due 2045, $1.25 billion of 2.150% Notes due 2018 and $500,000,000 Floating Rate Notes due 2018. The securities were offered for sale in the United States, Europe, Asia and elsewhere.
Citigroup Inc., a global diversified financial services holding company, provides a broad range of financial products and services to consumers, corporations, governments and institutions. Citigroup has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.