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Citigroup Inc. (NYSE: C)
January 12, 2005
Citigroup Announces Completion of its Exchange Offer
New York, NY — Citigroup Inc. (NYSE: C) announced today that it successfully completed its exchange offer relating to $4,084,955,000 aggregate principal amount of its outstanding unregistered 5.00% Subordinated Notes due 2014 (the “Unregistered Notes”).
Citigroup accepted all Unregistered Notes validly tendered in the exchange offer for an equivalent amount of its registered 5.00% Subordinated Notes due 2014 (the “Registered Notes”). Approximately $4.011 billion aggregate principal amount of Unregistered Notes were tendered. This amount represents approximately 98% of the outstanding Unregistered Notes. Upon closing of the exchange offer, expected to occur on January 13, 2005, approximately $4.011 billion aggregate principal amount of Registered Notes will be issued and approximately $73.5 million aggregate principal amount of Unregistered Notes will remain outstanding.
This press release does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities.
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Citigroup (NYSE: C), the preeminent global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com