C · News · 20260923N
Debt Redemption and Liability Management
CITIGROUP INC · 2026-09-23 · Importance 58 · Surprise 42 · No source text
Citigroup announced the full redemption of €1.5 billion of 0.500% fixed-rate/floating-rate notes due 2027. The redemption date is October 8, 2026, and the cash payment will equal par value plus accrued and unpaid interest through the day before redemption. Interest on the notes will stop accruing from the redemption date, and the transaction is intended to improve funding and capital-structure efficiency.
Key facts
- Citigroup Inc. is redeeming €1,500,000,000 of its 0.500% Fixed Rate / Floating Rate Notes due 2027 (ISIN: XS2063232727). source
- The redemption date for the €1,500,000,000 notes is October 8, 2026. source
- Interest on the €1.5 billion 0.500% Fixed Rate/Floating Rate Notes due 2027 will cease to accrue from the redemption date of October 8, 2026. source
- The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | +0.0% | Interest on the €1.5 billion 0.500% Fixed Rate/Floating Rate Notes due 2027 will cease to accrue from the redemption date of October 8,… |
| liability | positive | committed | — | The redemption date for the €1,500,000,000 notes is October 8, 2026. |
| cash | negative | committed | — | The redemption date for the €1,500,000,000 notes is October 8, 2026. |