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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 11/14/2012 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Citigroup Capital XX 7.875% trust preferreds to be redeemed Dec. 17

By Ashley Montgomery

Kansas City, Kan., Nov. 14 - Citigroup Inc. announced the redemption of Citigroup Capital XX's 7.875% enhanced trust preferred securities.

The securities will be redeemed Dec. 17 at $25 plus $0.503125 in accumulated distributions per security.

The company said the redemption was triggered by Citigroup's full redemption of Citigroup Capital XX's junior subordinated debt securities, which underlie the trust preferred securities.

The Bank of New York Mellon is the agent.

The financial services company is based in New York.


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