Citi’s $5.35 Billion Offering

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in a registered offering by Citigroup Inc. (Citi) totaling $5.35 billion.

The offering included $2.35 billion aggregate principal amount of 4.643% fixed-rate/floating-rate callable senior notes due 2028, $2 billion aggregate principal amount of 4.952% fixed-rate/floating-rate callable senior notes due 2031, $700 million aggregate principal amount of floating-rate callable senior notes due 2028, and $300 million aggregate principal amount of floating-rate callable senior notes due 2031, to be issued on May 7, 2025.

Citi, a global diversified financial services holding company, provides a broad range of financial products and services to consumers, corporations, governments, and institutions. Citi does business in nearly 160 countries and jurisdictions.