Citigroup to Redeem $2.5 Billion of 1.122% Notes Due 2027 on January 28
Citigroup will redeem its entire $2.5 billion of 1.122% Fixed Rate/Floating Rate Notes due 2027 (ISIN US17327CAM55) on January 28, 2026. The redemption price equals par plus accrued interest to the redemption date, consistent with Citi’s ongoing capital management approach.
1. Citigroup Announces Redemption of $2.5 Billion Notes Due 2027
Citigroup Inc. has declared the full redemption of its 1.122% Fixed Rate/Floating Rate Notes due 2027 (ISIN US17327CAM55), totaling $2.5 billion. The redemption is scheduled for January 28, 2026, with the cash redemption price set at par plus accrued and unpaid interest up to, but excluding, the redemption date. This action aligns with Citigroup’s ongoing capital management strategy, aimed at optimizing its balance sheet and reducing long-term funding costs. Investors holding these notes will receive full principal repayment alongside any interest earned through the redemption date, marking one of the largest note redemptions executed by the bank in recent quarters.