Citigroup in $1.5 Billion Debt Offering

Cleary Gottlieb advised the underwriters, led by Citigroup Global Markets Inc., in an offering of $1.5 billion floating rate senior notes due 2011.

The notes pay a floating rate of interest equal to three-month LIBOR plus 0.09%. Citigroup cannot redeem the notes prior to maturity except upon the occurrence of certain tax events.

Citigroup Inc., a global financial services company with approximately 200 million customer accounts in over 100 countries, provides financial products and services, including banking, securities brokerage and asset management.