Citigroup in Offerings Totaling Over $7 Billion

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets, in (i) a registered offering by Citigroup Inc. of $2.5 billion of 4.650 percent fixed-rate senior notes due 2048; (ii) two Section 3(a)(2) exempt offerings by Citibank, N.A. of $750 million of floating-rate notes due 2021 and $1.75 billion of 3.400 percent fixed-rate notes due 2021 and (iii) an off-shore offering by Citigroup Inc. of €1.75 billion of 1.500 percent fixed rate/floating rate callable notes due 2026.

The transactions are scheduled to close on July 23, 2018, and July 24, 2018, and the securities were offered for sale in the United States, Europe, Asia and elsewhere.

Citigroup Inc., a global diversified financial services holding company, provides a broad range of financial products and services to consumers, corporations, governments and institutions. Citigroup has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citibank is a commercial bank that, along with its subsidiaries and affiliates, offers a wide range of banking and trust services to its customers throughout the United States and the world.