Citigroup to redeem all $2 billion 3.142% fixed/floaters due 2023

By Wendy Van Sickle

Columbus, Ohio, Jan. 7 – Citigroup Inc. plans to redeem its outstanding $2 billion 3.142% fixed-rate/floating-rate notes due 2023 (ISIN: US172967LV16), according to a news release.

The notes will be redeemed at par plus interest on Jan. 24.

Citibank, NA is the paying agent.

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.

The financial services company is based in New York.

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