Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets, in a registered offering of 1,500,000 Depositary Shares, each representing a 1/25th interest in a share of 6.125% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock ($25,000 liquidation preference per share) issued by Citigroup on November 13, 2015.
Cleary also represented the underwriters, led by Citigroup Global Markets, in a subordinated notes offering and re-opening. On September 29, 2015, Citi issued $2.0 billion of 4.450% Subordinated Notes due 2027. On October 30, 2015, Citi issued an additional $1.5 billion of 4.450% Subordinated Notes due 2027.
Cleary also represented the underwriters in a re-opening of the Floating Rate Notes due 2018 issued by Citigroup Inc. on July 31, 2015. On October 9, 2015, Citi issued an additional $225 million of Floating Rate Notes due 2018.
Cleary also represented the underwriters in two simultaneous offerings by Citigroup. On October 26, 2015, Citi issued $2.7 billion of 2.650% Notes due 2020 and $300,000,000 Floating Rate Notes due 2020.
All securities were offered for sale in the United States, Europe, Asia and elsewhere.