Citigroup Inc. in $2 Billion Non-FDIC Guaranteed Debt Offering

May 22, 2009

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in a recent debt offering by Citigroup Inc. Citigroup issued $2 billion of 8.5% fixed rate notes due 2019. The notes were offered for sale in the United States and abroad. This was Citigroup’s first non-FDIC guaranteed debt offering since August 2008. The deal closed on May 22.

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