Citigroup aims at open-market repurchases of exchangeables due 2028

Chicago, Feb. 6 – Citigroup Global Markets Funding Luxembourg SCA announced that the bank is exploring potential open-market repurchases of its outstanding €375 million zero-coupon guaranteed cash-settled exchangeable bonds due 2028 (ISIN: XS2566032095).

The bonds are guaranteed by Citigroup Global Markets Ltd.

The bank was specifically going to use Tuesday to potentially repurchase up to the full amount of the bonds issued, using the European trading day.

Any bondholders who wanted to have their bonds repurchased were invited to contact Citi.

The amount to be repurchased will be announced on Feb. 8.

Citi operates in 85 countries through institutional and consumer franchises.

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