Citigroup agrees to buy €109.8 million of exchangeables due 2028

By Mary-Katherine Stinson

Lexington, Ky., Feb. 8 – Citigroup Global Markets Funding Luxembourg SCA said it has agreed to repurchase €109.8 million aggregate nominal amount of its outstanding €375 million zero-coupon guaranteed cash-settled exchangeable bonds due 2028 (ISIN: XS2566032095) guaranteed by Citigroup Global Markets Ltd., according to a notice.

As announced on Feb. 6, Citigroup was exploring potential open-market repurchases of the bonds. 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.

Repurchased bonds will be canceled and not resold.

Following these buybacks, a total nominal amount of €265.2 million remains outstanding.

Citi operates in 85 countries through institutional and consumer franchises.

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