Citigroup Inc. Announces Results of Cash Tender
Offer to Purchase Any and All of Certain Series of
its Outstanding Notes
February 04, 2010 09:03 AM Eastern Time
NEW YORK--(EON: Enhanced Online News)--Citigroup Inc. today announced the results of its offer to purchase
for cash (the “Offer”) any and all of the series of its notes (the “Notes”) set forth in the table below. As of the
Expiration Date, which was 5:00 p.m. New York time on Feb. 3, 2010, approximately $3.02 billion aggregate
principal amount of Notes was validly tendered and not withdrawn or were subject to binding commitments to sell to
Citi. This previously announced action is part of a liability management strategy that utilizes excess cash to retire
generally older vintage debt nearing maturity. These transactions are not expected to have any impact on Citi's
structural liquidity.
Citi has accepted for purchase all Notes validly tendered and not validly withdrawn and expects to settle all tenders
and commitments on February 8, 2010 (the “Settlement Date”). The aggregate U.S. dollar amount indicated
above is based on U.S. dollar exchange rates as of February 3, 2010.
The table below sets forth additional detail regarding the Notes to be purchased.
Title of Security
CUSIP / ISIN
No.
Aggregate
Principal
Amount
Outstanding Prior
to the Offer
Aggregate
Principal
Amount to be
Purchased
Aggregate
Principal
Amount Expected
to
be Outstanding
After
Settlement
U.S. Dollar Notes
4.625% Notes due 2010
172967DA6 /
US172967DA60
$1,250,000,000
$641,695,300
$608,304,700
5.125% Notes due 2011
172967DH1 /
US172967DH14
$2,000,000,000
$293,486,000
$1,706,514,000
Non-U.S. Dollar Notes
0.700% Notes due 2010
JP584119B360
JPY
25,000,000,000
JPY 7,800,000,000
JPY
17,200,000,000
1.510% Notes due 2010
JP584119A768
JPY
30,000,000,000
JPY 3,200,000,000
JPY
26,800,000,000
Floating Rate Notes due 22
June 2010
JP584119E760
JPY
30,000,000,000
JPY
24,700,000,000
JPY 5,300,000,000
0.740% Notes due 2010
JP5841