New York, March 25, 2026 — Citibank, N.A. has announced the full redemption of $2 billion of its 5.438% Notes due 2026 and $1 billion of its Floating Rate Notes due 2026.
The redemption date for both tranches is March 30, 2026. The cash redemption price will be equal to par plus accrued and unpaid interest up to, but excluding, the redemption date.
The bank said the move is aligned with its liability management strategy and reflects ongoing efforts to optimise its funding and capital structure.
Citibank added that it will continue to evaluate opportunities to redeem or repurchase securities based on factors including economic value, regulatory developments, impact on net interest margin and borrowing costs, remaining tenor of its debt portfolio, capital considerations and overall market conditions.
Interest on the notes will cease to accrue from the redemption date onward.
Citibank, N.A. will act as the paying agent for the notes.
Source: Citi