Citigroup Redeems $1.5B Of 4.140% Fixed Rate, Floating Rate Notes Due 2025 And $500M Floating Rate Notes Due 2025
Portfolio Pulse from Benzinga Newsdesk
Citigroup has redeemed $1.5 billion of 4.140% fixed rate, floating rate notes due 2025 and $500 million floating rate notes due 2025.
May 17, 2024 | 8:17 pm
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Citigroup has redeemed $2 billion in notes due 2025, which includes $1.5 billion of 4.140% fixed rate and $500 million floating rate notes.
The redemption of $2 billion in notes reduces Citigroup's debt obligations, potentially improving its balance sheet and financial stability. This could be seen positively by investors, leading to a short-term increase in stock price.
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