Citigroup Announces $1B Redemption Of 1.281% Fixed Rate / Floating Rate Notes Due 2025
Portfolio Pulse from Benzinga Newsdesk
Citigroup Inc. has announced the redemption of $1 billion of its 1.281% Fixed Rate / Floating Rate Notes due 2025. The redemption will occur on November 3, 2024, with the cash redemption price payable on November 4, 2024.
October 29, 2024 | 8:42 pm
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Citigroup is redeeming $1 billion of its 1.281% Fixed Rate / Floating Rate Notes due 2025, which may impact its liquidity and financial strategy.
The redemption of $1 billion in notes indicates Citigroup's active management of its debt obligations. This move could affect its liquidity position and financial strategy, but the impact on stock price is likely neutral in the short term as it reflects planned financial management.
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