Citigroup offers to buy back €2.05 billion of subordinated notes

By Angela McDaniels

Tacoma, Wash., April 17 - Citigroup Inc. said it will be offering to purchase its €800 million of 3.625% fixed-fate/floating-rate callable subordinated notes due November 2017 and €1.25 billion of 4.25% fixed-fate/floating-rate callable subordinated notes due February 2030.

The offer is being made to holders located or resident outside the United States, according to an 8-K filing with the Securities and Exchange Commission.

The company expects the offer to be open until 11 a.m. ET on May 2.

Citigroup is a financial services company based in New York.

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