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Published on 2/3/2012 in the Prospect News Liability Management Daily.

Citigroup offers to purchase three series of eurobonds via Citibank

By Angela McDaniels

Tacoma, Wash., Feb. 3 - Citigroup Inc. said it will be offering to purchase three series of its outstanding notes from holders located or resident outside the United States.

The company's €1.5 billion of 4.375% notes due 2017, £400 million of 6.5% notes due 2030 and £800 million of 6.8% notes due 2038 are subject to the offer.

The tender offer is expected to be open until 11 a.m. ET on Feb. 13 and is being conducted through Citibank, NA, London Branch, according to an 8-K filing with the Securities and Exchange Commission.

The offers are not being made directly or indirectly in or into the United States.

Citigroup is a financial services company based in New York.


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