Citi in Two Offerings Totaling $2.5 Billion

March 26, 2015

Cleary Gottlieb represented the underwriters, led by Citigroup, in a registered offering of 1,500,000 Depositary Shares, each representing a 1/25th interest in a share of 5.875% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock ($25,000 liquidation preference per share) issued by Citigroup on March 20, 2015.

Cleary Gottlieb also represented the underwriters in a recent debt offering by Citigroup Inc. On March 26, 2015, Citi issued $1 billion of 3.875% Subordinated Notes due 2025. The securities were offered for sale in the United States, Europe, Asia and elsewhere.

Citigroup, 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.