Citizens Bank Makes $1 Billion Note Offering

May 13, 2016

Cleary Gottlieb represented the dealers, led by Morgan Stanley, in connection with the offering of $1,000,000,000 of 2.550 percent Senior Notes due 2021 issued by Citizens Bank, N.A.

The offering, which was conducted pursuant to the issuer’s global bank note program, closed on May 13, 2016.

Citizens Bank, N.A. is a wholly owned subsidiary of Citizens Financial Group, Inc., the 13th largest retail bank holding company in the United States (according to SNL Financial).

Cleary has represented the underwriters in numerous other offerings of Citizens’ securities, including the initial public offering of Citizens’ common stock in September 2014.