Citigroup Issues Two Offerings Totaling $2.5 Billion

May 10, 2017

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in a $250 million reopening of 4.125 percent subordinated notes due 2028, to be issued by Citigroup Inc. on May 10, 2017.

Upon completion of this offering, the aggregate principal amount of the outstanding notes of this series will be $1.75 billion.

Cleary was also counsel to the dealers, led by Citigroup Global Markets Inc., in a public notes offering by Citibank, N.A. Citibank offered $2.25 billion floating-rate notes due 2018 under the exemption from registration found in Section 3(a)(2) of the Securities Act. Cleary also acted as counsel to Citibank in establishing its notes program.