Citigroup to redeem all €1 billion 0.5% notes due 2022

By Rebecca Melvin

Concord, N.H., Dec. 14 – Citigroup Inc. has announced the redemption of all of its €1 billion 0.5% fixed-rate notes due 2022 (ISIN: XS1939355753), according to a press release.

The notes will be redeemed at par plus accrued interest on Dec. 29.

Citigroup said the redemption is consistent with its liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure.

Citibank, NA and Banque Internationale a Luxembourg, SA are the paying agents for the notes.

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