NEW YORK–(BUSINESS WIRE)– Citigroup Inc. kondigt de volledige aflossing aan van € 1.000.000.000 van zijn 0,500% vastrentende obligaties met vervaldag in 2022 (de “notes”) (ISIN: XS1939355753).

De aflossingsdatum voor de notes is 29 december 2021 (de “aflossingsdatum”). De contante aflossingsprijs die op de aflossingsdatum voor de obligaties moet worden betaald, is gelijk aan pari plus opgelopen en onbetaalde rente.

De vandaag aangekondigde aflossing is in overeenstemming met de strategie voor aansprakelijkheidsbeheer van Citigroup en weerspiegelt haar voortdurende inspanningen om de efficiëntie van haar financierings- en kapitaalstructuur te verbeteren. Citigroup zal mogelijkheden blijven overwegen om effecten af te lossen of terug te kopen op basis van verschillende factoren, waaronder maar niet beperkt tot de economische waarde, wijzigingen in de regelgeving, mogelijke impact op de nettorentemarge en financieringskosten van Citigroup, de algehele resterende looptijd van de schuldportefeuille van Citigroup, kapitaalimpact, evenals de algemene marktomstandigheden.

Citigroup Announces €1.0 Billion Redemption of 0.500% Fixed Rate Notes due 2022

NEW YORK–(BUSINESS WIRE)– Citigroup Inc. is announcing the redemption, in whole, constituting €1,000,000,000 of its 0.500% Fixed Rate Notes due 2022 (the “notes”) (ISIN: XS1939355753).

The redemption date for the notes is December 29, 2021 (the “redemption date”). The cash redemption price payable for the notes on the redemption date will equal par plus accrued and unpaid interest.

The redemption announced today is consistent with Citigroup’s liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citigroup’s net interest margin and borrowing costs, the overall remaining tenor of Citigroup’s debt portfolio, capital impact, as well as overall market conditions.

Beginning on the redemption date, the notes will no longer be outstanding and interest will no longer accrue on such securities.

Citibank, N.A. and Banque Internationale à Luxembourg, société anonyme are the paying agents for the notes. For further information on the notes, please see the related final terms at the following web address: https://www.citigroup.com/citi/fixedincome/data/docs/200129a.pdf

Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

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Contacts

Media: Danielle Romero-Apsilos (212) 816-2264

Investors: Jennifer Landis (212) 559-2718

Fixed Income Investors: Thomas Rogers (212) 559-5091