Citigroup in $655 Million Debt Tender Offer

June 18, 2013

Cleary Gottlieb represented Citigroup, as issuer, and its affiliate Citigroup Global Markets, as dealer manager, in a cash tender offer to purchase $655 million in aggregate principal amount of certain series of its outstanding notes denominated in U.S. dollars, Canadian dollars and Euros. Because notes settled through Canada’s CDS Clearing and Depository Services were included in the tender offer, the related offer documents and settlement arrangements reflected significantly customized procedures. The tender offer launched on May 13, 2013, expired on June 13, 2013 and closed on June 18, 2013.

Citigroup, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.